A title insurance company will not be on the hook for money a lawyer stole from his clients because the misappropriation of funds took place well before the lawyer acted as the company’s agent, the New Jersey Supreme Court ruled on Monday.
The timing problem allowed the court to avoid dealing with the thornier issue raised on appeal: whether a title carrier must tell homebuyers directly and explicitly that it is not responsible for their attorney’s misdeeds.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
For questions call 1-877-256-2472 or contact us at [email protected]