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Missouri title co. sued over alleged failure to follow closing instructions
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Court Report
Wednesday, February 5, 2014
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The FDIC filed a lawsuit against a Missouri title company for breach of contract and negligence, alleging that the company failed to disclose documents, failed to follow closing instructions and improperly dispersed loan funds at the closing of a residential loan. The title company filed a motion to dismiss, asserting that the statute of limitations had run and that the complaint failed to state a claim for relief. Read on for the court decision and details of the case.
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