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SEA COVE DEV'T v. HARBOURSIDE CMTY. BANK

No. 26789.

387 S.C. 95 (2010)

691 S.E.2d 158

SEA COVE DEVELOPMENT, LLC, Appellant, v. HARBOURSIDE COMMUNITY BANK and Harbourside Mortgage Company, Respondents.

Supreme Court of South Carolina.

Decided March 22, 2010.

Rehearing Denied April 23, 2010.

Attorney(s) appearing for the Case

W.H. Bundy, Jr. and M. Brent McDonald, both of Smith, Bundy, Bybee & Barnett, of Mt. Pleasant, for Appellant.

Ehrick K. Haight, Jr. and Philip J. Rios, both of Minor Haight & Arundell, of Hilton Head, for Respondents.

Justice BEATTY:

Sea Cove Development, LLC (Sea Cove) brought this action for breach of contract and promissory estoppel against Harbourside Community Bank and Harbourside Mortgage Company (Harbourside) after its loan application was denied.1 The circuit court granted summary judgment to Harbourside, finding Sea Cove's claims were barred by S.C.Code Ann. § 37-10-107 (2002), commonly referred to as the lender statute

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