San Luis Obispo County Assignment of Deed of Trust Form

Additional California and San Luis Obispo County documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in San Luis Obispo County

Properties in any of these areas use San Luis Obispo County forms:

• Arroyo Grande
• Atascadero
• Avila Beach
• Cambria
• Cayucos
• Creston
• Grover Beach
• Harmony
• Los Osos
• Morro Bay
• Nipomo
• Oceano
• Paso Robles
• Pismo Beach
• San Luis Obispo
• San Miguel
• San Simeon
• Santa Margarita
• Shandon
• Templeton

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The current Lender/Beneficiary uses this form to assign a Deed of Trust to another lender. This is often done when a Deed of Trust has been sold. This allows the new Lender the right to collect payments of the debt. A typical Deed of Trust contains a Power of Sale clause, allowing a non-judicial foreclosure. (The power of sale may be exercised by the assignee if the assignment is duly acknowledged and recorded.) (California Code 2932.5)

Current Borrowers must be notified of the assignment. Notification consists of contact information of the new creditor, recording dates, recording instrument numbers, changes in loan, etc. Included are "Notice of Assignment of Deed of Trust" forms.

The Truth and lending act requires that borrowers be notified when their deed of trust debt has been sold, transferred, or assigned to a new creditor. Generally, within 30 days to avoid up to $2,000.00 in statutory damages, plus reasonable attorney's fees. Systematic violations can reach up $500,000.00.

(California Assignment of Deed of Trust Package includes form, guidelines, and completed example) For use in California only.

Important: Your property must be located in San Luis Obispo County to use these forms. Documents should be recorded at the county recording office listed above.

This Assignment of Deed of Trust meets all recording requirements specific to San Luis Obispo County.

Our Promise

The documents you receive here are guaranteed to meet or exceed the applicable San Luis Obispo County recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.

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