No Parol Evidence on Underwriting Terms

By Deborah Elkins
Published: November 22, 2011

Tags: Insurance, Judge Robert E. Payne, U.S. District Court - Eastern District

In a mortgage lender’s suit against an insurance company that declined to cover losses on certain kinds of mortgage loans, a Richmond U.S. District Court grants the lender’s motion to preclude the insurance company from introducing parol evidence to support its claims of what the parties intended in their insurance contract. The lender, SunTrust Mortgage (ST), ...

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