Sec. 255b. Borrower Entitled To Cancellation Of Note And Mortgage Where Lender Paid Broker, Who Converted The Money To His Own Use
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This section is from the book "American Law Of Real Estate Agency", by William Slee Walker. Also available from Amazon: American law of real estate agency.
Sec. 255b. Borrower Entitled To Cancellation Of Note And Mortgage Where Lender Paid Broker, Who Converted The Money To His Own Use
Where a lender negligently paid the draft of a broker employed to procure a loan, the proceeds of which were converted to the broker's own use, the borrower was entitled to a cancellation of his note and mortgage. Robinson v. Citizens' Trust Co., 172 S. W. 1160, 187 Mo. App. 51.
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