71-1-310. Liability of title insurer or title insurance producer.
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/mt/title-71/chapter-1/part-3/71-1-310·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
71-1-310 . Liability of title insurer or title insurance producer. 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.