Whisenant v. Fulton Federal Savings & Loan Ass'n

Banke, Presiding Judge.

The appellant sued the appellee seeking damages for the latter’s alleged breach of a contractual commitment to make a residential mortgage loan to him on certain specified terms. He also sought damages under the Georgia Fair Business Practices Act, OCGA § 10-1-390 et seq., based on allegations that the appellee had engaged in the unfair and deceptive trade practice of soliciting residential mortgage applications from the public through the offer of interest rate commitments (referred to as “lock-ins”) which it had no intention of honoring in the event market interest…