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Title insurer sues agent, bank over misappropriated escrow funds
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Court Report
Tuesday, January 14, 2014
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After discovering its attorney-agent had misappropriated escrow funds from his trust account, a title insurer went after the agent, his agency and the bank where the funds were being held. The insurer argued that the bank was aware of the misappropriation of funds and failed to act in a reasonably prudent manner.
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