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U.S. BANK, N.A. v. INTEGRITY LAND TITLE

No. 17S03-1002-CV-120.

929 N.E.2d 742 (2010)

U.S. BANK, N.A., Appellant (Plaintiff below), v. INTEGRITY LAND TITLE CORP., Appellee (Defendant below).

Supreme Court of Indiana.

June 29, 2010.

Attorney(s) appearing for the Case

Septtimous Taylor, Owensboro, KY, Attorney for Appellant.

Bryce H. Bennett, Jr., Elizabeth C. Green, Indianapolis, IN, Attorneys for Appellee.

On Petition to Transfer from the Indiana Court of Appeals, No. 17A03-0812-CV-577

SULLIVAN, Justice.

A lender seeks to hold a title commitment issuer, with which it had no contractual privity, liable for negligence in failing to uncover a defect during the title search. The title company claims it has no contractual obligation to lender, and that the so-called "economic loss rule" prevents lender from recovering...

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