Question

After a lender notifies the trustee that a borrower is in default, the trustee must take all the following actions EXCEPT

Answer 1

The trustee must take all the actions like care for the assets to notifies the trustee that a borrower.

The first and most important of a Trustee's obligations is to maintain, manage, and care for the assets of the belief for the sole advantage of the beneficiaries of the consideration under the terms of the agreement with the tool.

The trustee has the right to be reimbursed for the expenses incurred by way of him for the reason of the agree with, like costs incurred for the execution of the trust, for the protection of the acceptance as true with property, for the protection or support of the beneficiary, and so forth.

The trustee can't grant legitimate and reasonable requests from one beneficiary in a well-timed way and deny or postpone granting legitimate and reasonable requests from some other beneficiary certainly due to the fact the trustee does now not particularly take care of that beneficiary. invest agree with property in a conservative way.

Learn more about the role of the trustee here:-brainly.com/question/1362888

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