Grant’s five tracts were prepared for a “Mandalay Properties,” not for Grant, Orchard Road, LLC, Southern Lumber, Inc., Saralyn Henry, NCB, or any other party to the loan. NCB learned that “Mandalay Properties” was the true purchaser in April 2006. NCB received documents from its own closing attorney in April 2006, just two months after closing. Those documents indicated the transaction did not conform to the terms of loan or the sales contract upon which NCB principally relied in making the loan. The receipt of such information would cause a reasonable person to question the authenticity of the sales contract and assume a loss from forgery or other bondable fraud would occur. See Royal Trust Bank, NA v. Nat’l Union Fire Ins. Co. of Pittsburgh, Pa., 788 F.2d 719, 720-21 (11th Cir.1986) (<HOLDING>). When it received documents fundamentally
holding under an identical bond provision that discovery occurred after negligence or inattention on the part of the bank in failing to pay attention to records that would have alerted the bank to fraud holding a bank liable where a bank officer held checks that were intended to pay the irs for withheld taxes holding that a bank customer did not have a reasonable expectation of privacy in records maintained by the bank recognizing that a bank customer may have a tort claim against a bank for the wrongful dishonor of a check holding a bank officer who informed a third party that it would be safe to extend 8000 credit to bank customer although customer did not have an open account at the bank could be held liable for the material misrepresentation