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REGIONS BANK v. THOMAS

No. W2011-02320-COA-R3-CV

422 S.W.3d 550 (2013)

REGIONS BANK v. THOMAS D. Thomas, et al.

Court of Appeals of Tennessee, at Jackson.

March 4, 2013.

Application for Permission to Appeal Denied by Supreme Court September 11, 2013.

Attorney(s) appearing for the Case

Richard E. Charlton , Memphis, Tennessee, and Kirk L. Clements , Goodlettsville, Tennessee, for the appellants, Thomas D. Thomas, Helen L. Thomas and The Thomas Family Living Trust.

David R. Evans , Chattanooga, Tennessee, and Stephen Leffler , Memphis, Tennessee, for the appellee, Regions Bank.

OPINION

DAVID R. FARMER, J., delivered the opinion of the Court, in which ALAN E. HIGHERS, P.J., W.S., and J. STEVEN STAFFORD, J., joined.

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...

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