LEO: Conflict of Interest - Trustee LE Op. 554
Conflict of Interest - Trustee Representation of Noteholder.
April 10, 1984
It is not improper for an attorney/trustee under a Deed of Trust to
represent the Noteholder in a suit against the maker of the Note for the
deficiency which remained after foreclosure proceedings on the secured
property by the trustee, where the Noteholder has consented to the
representation but the maker has not so consented. [ DR:5-105, DR:5-106,
and LE Op. 359]
Committee Opinion April 10, 1984
See also LE Op. 815.