Lindsay v. Covenant Management Group, LLC

OPINION

COOK, Circuit Judge.

Thomas A. Lindsay appeals the district court’s order affirming the bankruptcy court’s decision to allow Covenant Bank-corp, Inc. (“Covenant’O’s claim against him. Lindsay objects to Covenant’s claim on the grounds that (1) Covenant imper-missibly charged interest on the discount fee Lindsay paid at the inception of the loan, and (2) Covenant failed to apply to principal reduction the extension fee Lindsay paid. For the reasons that follow, we affirm.

I

Two different loan transactions underlie Lindsay’s appeal. In the first, Lindsay sought funding from Covenant to…