TranSouth Financial Corp. v. Bell

TranSouth Financial Corporation ("TranSouth"), Associates Financial Life Insurance Company, Associates Insurance Company, and Associates Financial Services are defendants in an action pending in the Lowndes Circuit Court. They appeal from the trial court's order denying their motion to compel arbitration of the claims filed against them by the plaintiff Ronald A. Bell. We reverse and remand.

Bell's claims are based on allegations of fraud in connection with loans that he obtained from TranSouth on January 28, 1983; June 25, 1994; November 30, 1994; and November 8, 1995. Bell alleges that a…