Pineda v. Chase Bank USA, N.A.

The Supreme Court affirmed the judgment of the superior court granting summary judgment for Defendant, Chase Bank USA, N.A., on Plaintiff’s claims alleging that Chase agreed to issue him two new loans to pay promissory notes secured by mortgages on his two properties, but that Pasquale Scavitti III, whom Chase engaged as its closing agent, converted the loan proceeds for his own use and failed to disburse them.The hearing justice determined that summary judgment was appropriate because, even if Scavitti were Chase’s agent, there was no genuine issue of material fact as to whether Scavitti’s conduct was within the scope of the purported agency relationship with Chase. The Supreme Court affirmed, holding that the hearing justice’s grant of summary judgment in Chase’s favor was proper. View "Pineda v. Chase Bank USA, N.A." on Justia Law