NORWEST MORTGAGE, INC. v. DIME SAVINGS BANK OF NEW YORK


280 A.D.2d 653 (2001)

721 N.Y.S.2d 94

NORWEST MORTGAGE, INC., Respondent, v. DIME SAVINGS BANK OF NEW YORK, Appellant, et al., Defendants.

Appellate Division of the Supreme Court of the State of New York, Second Department.

Decided February 26, 2001.


Ordered that the order is reversed insofar as appealed from, on the law, with costs, that branch of the motion which was to dismiss the cause of action sounding in common-law negligence insofar as asserted against the appellant is granted, that cause of action is dismissed insofar as asserted against the appellant, and the action against the remaining defendants is severed.

The general rule is that a depositary bank has no duty to monitor fiduciary accounts maintained...

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