Bank’s Release Of Deed An Innocent Mistake, 8th Circuit Panel Rules

Mealey's (April 21, 2022, 1:53 PM EDT) -- ST. LOUIS — A bank and two of its employees did not act with the required malice in fully releasing a deed of trust on a mortgage loan because their release of the deed was based on an innocent mistake made by the employees, and the entity that received the release failed to provide sufficient evidence to the contrary, an Eighth Circuit U.S. Court of Appeals panel ruled April 20 in affirming....