By Josh Liberatore (April 26, 2022, 4:11 PM EDT) — Bank of The usa questioned a Nevada federal courtroom to reject Fidelity Nationwide Title Group’s try to skirt coverage of the bank’s losses related to foreclosed households in home owners associations, declaring the insurer’s individual endorsement manuals and trade use representations guarantee protection.
In reaction to Fidelity’s movement to dismiss, Lender of The us mentioned Monday that the title insurance company has lengthy represented its plan endorsements as supplying coverage for lenders’ losses arising out of Nevada HOA superpriority assessment lien foreclosures.
The bank pointed out that endorsements in its title insurance policy policies expressly exclude coverage for HOA declarations in lease agreements and covenants associated to…
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