United Guarantee Residential Insurance Corp. of North Carolina v. American Pioneer Savings Bank

ORDER GRANTING PLAINTIFF’S MOTION FOR SUMMARY JUDGMENT

ATKINS, Senior District Judge.

THIS CAUSE is before the court on plaintiff’s motion for summary judgment. I have reyiewed the motion, memoranda, the record, and relevant legal authority; therefore, it is

ORDERED AND ADJUDGED that plaintiff’s motion is granted.

In this diversity action, plaintiff seeks declaratory relief against defendant as successor to the interests of First Federal Savings & Loan of Martin County. Plaintiff is an insurer of mortgage loans on residential property, and is engaged in the business of insuring lenders against…