Old Republic National Title Insurance v. Moskowitz
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
In 1992 the plaintiff, a New York State licensed title insurer, entered into a title agency agreement with the defendant Metro Land Services, Inc. (hereinafter Metro Land). Pursuant to that *725agreement, Metro Land, as the plaintiff’s agent, collected various funds at real estate closings to pay, among other things, title insurance premiums and charges, recording fees, and deed, mortgage, and transfer taxes. In or about the spring of 1998, the plaintiff discovered that Metro Land had failed to record deeds and other documents for the plaintiff from some 250 closings. While Metro Land had…
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