Universal Title Insurance v. NCNB National Bank of Florida

PARKER, Judge.

Universal Title Insurance Company (Universal) seeks review of a partial summary judgment granted in favor of NCNB National Bank of Florida (NCNB) on the issue of Universal’s liability under a title insurance commitment. We reverse. This appeal raises two issues involving the commitment agreement between the parties; we focus only on the issue that has merit.

NCNB extended financing to one of its customers and, as part of that transaction, obtained a commitment, effective July 9, 1984, for a loan policy of title insurance from Universal in the amount of $50,000. The customer was…