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Can a CPL breach be brought independent of title insurance?
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Court Report
Tuesday, April 28, 2015
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Can a party bring a breach of a closing protection letter after it has given up its rights under the title insurance policy? This is a question a national underwriter wants the U.S. Supreme Court to answer, according to its petition for writ of certiorari. The underwriter argues that the 6th U.S. Circuit Court of appeals was wrong when it held that the prudential standing principles barred First American from raising the assignment from the Federal Deposit Insurance Corp. to a successor bank. Read on for more details.
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