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Bank accuses JP Morgan Chase of breaching agreement


West Virginia Record-

A bank is suing JP Morgan Chase, alleging breach of loan agreement.

Bank of Mount Hope Inc. filed a complaint June 28 in Raleigh Circuit Court against Warren G. Davis and JP Morgan Chase Bank NA, alleging Chase failed to surrender the title of a 2011 Ford to the plaintiff but instead, delivered the title to Davis.

According to the complaint, on May 16, 2016, Davis borrowed $19,922.65 from the Bank of Mount Hope to pay his debt, including $11,002.26, to Chase for the release of its lien on the 2011 Ford vehicle. As a result of the defendants’ actions, the suit says, the Bank of Mount Hope has been damaged financially.

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