(Amended by Ord. No. 187,627, Eff. 10/24/22.)
Within 10 days of the purchase and/or transfer of a loan and/or deed of trust secured by property the new beneficiary and/or trustee shall record, with the Los Angeles County Recorder's Office, an assignment of deed of trust, an assignment of rents, or similar document, that lists the name, mailing address, and contact phone number of the new beneficiary and/or trustee responsible for receiving payments associated with the loan and/or deed of trust.