GroundRules
71-1-310: Liability of title insurer or title insurance producer.
Where this section sits in the code
- TITLE 71. MORTGAGES, PLEDGES, AND LIENS
- CHAPTER 1. MORTGAGES
- Part 3. Small Tract Financing
A title insurer or title insurance producer who reconveys a trust indenture is liable to the beneficiary for damages suffered by the beneficiary as a result of the reconveyance if:
(1) the obligation secured by the trust indenture is not fully paid;
(2) the title insurer or title insurance producer failed to comply with the provisions of 71-1-308; or
(3) the title insurer or title insurance producer acted with gross negligence or in bad faith in reconveying the trust indenture.
Collected 2026-09-14T04:58:51Z. Source file · JSON