Public Trustee explains statute-driven fees and limitations
The public trustee at the meeting said release-of-deed-of-trust work yields a $30 transaction receipt but that statutory limits constrain some fee lines; one figure mentioned was $12.05 as a statutory amount.
The full story
The participant who described themselves as the public trustee explained how trustee fees are set and constrained by statute. The trustee said the public-trustee fee for a release of deed of trust is $30 and added that "It is a statute driven fee" that limits what can be charged in certain contexts; a figure of $12.05 was mentioned during discussion as an amount that cannot be exceeded for a component of the fee.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in