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Escrow co. sues lender after being declared ineligible for business
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Court Report
Tuesday, December 3, 2013
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When a mortgage lender decided to make its licensed escrow agent ineligible to do business with it, the escrow agent sued the bank for intentional interference with contractual relations and prospective economic advantage, unfair business practices, defamation and RESPA violations. The court determined that there could be a viable contractual interference claim but found no viable RESPA violation.
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