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PEASE v. WACHOVIA

No. 76, Sept. Term, 2009.

6 A.3d 867 (2010)

416 Md. 211

William PEASE, et al. v. WACHOVIA SBA LENDING, INC.

Court of Appeals of Maryland.

October 21, 2010.

Attorney(s) appearing for the Case

Michael S. Myers (Robert B. Scarlett & Croll, P.A., Baltimore, MD), on brief, for appellants.

Diane Festino Schmitt ( Matthew T. Vocci of Ober, Kaler, Grimes & Shriver, Baltimore, MD), on brief, for appellee.

Argued before BELL, C.J., HARRELL, BATTAGLIA, GREENE, MURPHY, ADKINS, BARBERA, JJ.

HARRELL, J.

In this appeal, the parties ask us to consider and shape the contours of Maryland Code (2006 Repl.Vol.), Courts and Judicial Proceedings Article, § 5-408,1 which serves as a statute of frauds in the regulatory scheme for credit agreements. William and Michele Pease (Appellants)— husband and wife and guarantors on a Small Business Administration (hereinafter "SBA") commercial loan financing substantially their acquisition...

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