American Automotive Acceptance Co. v. New South Federal Savings Bank

The plaintiff, American Automotive Acceptance Company (“American Automotive”), appeals from the denial of a motion to reconsider a summary judgment in favor of the defendants, New South Federal Savings Bank (“New South”) and one of its loan officers, Steve Thomas. American Automotive appeals the summary judgment as to New South. We dismiss the appeal as untimely.

On January 29, 1999, American Automotive and New South entered into a floor-plan loan agreement in which New South agreed to extend American Automotive a line of credit in the amount of $300,000 for a term extending from January 29,…