Appellate Division of the Supreme Court of New York, 1936

In re the Liquidation of National Title Guaranty Co.

In re the Liquidation of National Title Guaranty Co.
Appellate Division of the Supreme Court of New York · Decided June 15, 1936
248 A.D. 759
In re the Liquidation of National Title Guaranty Co.

Opinion of the Court

Order directing the Home Title Guaranty Company to discontinue the servicing of four mortgages and to account for and turn over to the Mortgage Commission the income collected affirmed, with ten dollars costs and disbursements. The intervenor is not without remedy. If so advised, he may institute an appropriate action to compel the Mortgage Commission to resort to the $30,000 mortgage given by the principal debtor as security for its debt before applying the intervener’s mortgages and the income therefrom to the payment of the debt. Lazansky, P. J., Young, Carswell, Johnston and Taylor, JJ., concur.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.