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Home / Opinion Digests / Mortgage Indemnity Suit Not Time-Barred (access required)

Mortgage Indemnity Suit Not Time-Barred (access required)

In plaintiff SunTrust Mortgage’s suit seeking indemnification on five home mortgage loans purchased from defendant Key Mortgage, the Richmond U.S. District Court denies defendant’s motion asserting the SunTrust suit is time-barred under the parties’ governing Loan Purchase Agreement (LPA). The LPA’s indemnification provision creates a cause of action independent of Key’s alleged breach of specific, underlying ...

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