Lambert v. First National Bank of Bowie

OPINION

WILLIAM BRIGHAM, Justice.

In this appeal we are asked to decide whether a bank’s prior permissive relationship with a debtor requires that the bank do something other than what is statutorily required to inform the debtor that payment is demanded. We hold that such a relationship does not impose an additional duty on the bank.

Appellant Gregg Lambert sought financing from Appellee First National Bank of Bowie when he wanted to build a house on a 10-acre tract he owned. In March 1986, Lambert signed a promissory note and a deed of trust in favor of the bank. Lambert’s note payments, as he…