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Montana Title 71. Mortgages, Pledges, and Liens § 71-1-310. Liability of title insurer or title insurance producer

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Montana Title 71. Mortgages, Pledges, and Liens § 71-1-310. Liability of title insurer or title insurance producer - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-71-mortgages-pledges-and-liens/mt-st-71-1-310/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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