United States Ninth Circuit

Under California Business and Professions Code 10471(a), a title insurance company that paid its insureds for mortgage broker fraud may not recover a portion of the unsatisfied judgment against the brokers from state's Department of Real Estate Recovery Account.

Appellate Information

• Argued 03/06/2001
• Decided 05/18/2001
• Published 05/18/2001

Judges

• BETTY B. FLETCHER, Circuit Judge:, Before:  HUG and B. FLETCHER, Circuit Judges, and ILLSTON, District Judge.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• Jerald E. Gale and Ronald A. Gorrie, Los Angeles, California, for appellant Stewart Title Guaranty Company.


• For Appellees:
  
• Bonnie Holcomb, Deputy Attorney General, Los Angeles, California, for appellee John R. Liberator, Interim Real Estate Commissioner of the State of California.