Case Number
W2011-02320-COA-R3-CV
Plaintiff Bank accelerated a loan secured by an aircraft after Borrower failed to maintain insurance on the aircraft as required by the loan documents. Bank filed an action to collect amounts due; took possession of and disposed of the aircraft; and sought a judgment for the deficiency. The trial court entered judgment in favor of Bank. Defendant Loan Guarantors appeal. We affirm in part; reverse in part, finding that Bank did not provide sufficient notice as required by Tennessee Code Annotated § 47-9-611; and remand for further proceedings.
Originating Judge
Judge Robert L. Childers
Case Name
Regions Bank v. Thomas D. Thomas, et al.
Date Filed
Dissent or Concur
No
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