alleryStart learning →What is the duty of the trustee of a securitization trust?
AMaximise the originator's profit
BA fiduciary duty to protect the assets
CSet the servicer's monthly fees
DRate the quality of the pool
Answer & Solution
Correct answer: B. A fiduciary duty to protect the assets
The trustee is gate-keeper of the assets and owes a fiduciary duty to protect them and the investors who own them.
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