Commonwealth Land Title Ins. Co. v. Jones

GREMILLION, Judge.

hThe plaintiff, Commonwealth Land Title Insurance Company, appeals the trial court’s grant of summary judgment in favor of the defendant, O’Neal Jones, Jr., finding that its claims against Jones had been extinguished due to the peremption periods provided by La.R.S. 9:5605 and 9:5606. For the following reasons, we affirm.

FACTS

On December 9, 2000, Commonwealth and Jones entered into a Title Insurance Agency Agreement whereby Commonwealth appointed Jones as its agent for the issuance of title insurance in Louisiana. On December 28, 2001, Jones closed a loan in the amount of…