Builders Supply Co. v. Regions Bank, 2090467 (ala.civ.app. 9-10-2010)

On Application for Rehearing

THOMAS, Judge.

The opinion of July 9, 2010, is withdrawn, and the following is substituted therefor.

This appeal arises from a dispute between Builders Supply and Salvage Company, Inc. (“BSC”), which supplied materials for the construction of a house, and Regions Bank, which provided financing for the construction of the house.

Facts and Procedural History

The pertinent facts are as follows. Jerome Griffin contracted with Daryl Cosby to construct a house in Dallas County. Griffin paid Cosby with the proceeds from a loan he had obtained from Regions Bank. Cosby…