In a deed of trust, the creditor is the beneficiary.

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In a deed of trust, also known as a trust deed, the creditor who lends the money to the borrower (also known as the trustor) is considered the beneficiary of the trust. The deed of trust is a legal document that transfers the title or ownership of the property to a trustee, who holds it as security for the repayment of the loan. The trustee has the power to sell the property if the borrower defaults on the loan, and the proceeds are used to pay off the debt owed to the creditor/beneficiary.

In a Deed of Trust, the Creditor Is the Beneficiary