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KINARD v. FLEET REAL ESTATE FUNDING

No. 2390.

461 S.E.2d 833 (1995)

John A. KINARD, Jr., Respondent, v. FLEET REAL ESTATE FUNDING CORP. and NationsBank of South Carolina, Appellants.

Court of Appeals of South Carolina.

Decided August 21, 1995.

Attorney(s) appearing for the Case

John B. Hagerty and Keith Emge of Nelson, Mullins, Riley & Scarborough, Charleston, for appellants.

Capers G. Barr, IV of Barr, Barr & McIntosh, Charleston; and H. Wayne Unger, Jr., Walterboro, for respondent.

HEARN, Judge:

John A. Kinard, Jr., brought this action to collect the statutory penalty imposed by S.C.Code Ann. Section 29-3-320 (1991) from the appellants, Fleet Real Estate Funding Corp. (Fleet) and NationsBank of South Carolina (NationsBank), based upon their failure to comply with the statutory requirements to enter satisfaction of a mortgage on property located in Colleton County. The action was referred for final...

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