In the Matter of Rodney Dale Coston and Billie Katherine Coston, Debtors. Rodney Dale Coston and Billie Katherine Coston v. Bank of Malvern

We have taken this case en banc for the sole purpose of deciding whether the “reasonableness” of a creditor’s reliance under 11 U.S.C. § 523(a)(2)(B) is an issue of law subject to de novo review on appeal or a question of fact to be reviewed under the clearly erroneous standard. Today we hold that, for purposes of section 523(a)(2)(B), the reasonableness of a creditor’s reliance is a question of fact, which is reviewable only for clear error. In so doing, we overrule our opinion in In re Jordan, 927 F.2d 221 (5th Cir.1991), to the extent it held that reasonableness of reliance is a conclusion…