Paul W. Chambers v. First Volunteer Bank of Tennessee

This case arises from a dispute over the repayment of a loan. Penny Chambers obtained a loan through a bank in order to buy a house. Penny Chambers defaulted on the loan. Paul W. Chambers (“Chambers”), Penny Chambers’s husband, later assumed the mortgage. Chambers allegedly defaulted and First Volunteer Bank of Tennessee (“the Bank”) stated that it would foreclose if he did not cure the default. Chambers sued the Bank in the Chancery Court for Polk County (“the Trial Court”). The Trial Court granted the Bank’s motion to dismiss. Chambers appeals. We find that the Trial Court did not err in granting the Bank’s motion to dismiss. We further find that the Trial Court did not err in denying Chambers’s motion to alter or amend and motion for default. The judgment of the Trial Court is affirmed.