Fifth Third Bank Judgment Vs. C. Randy Lance
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7/22/2019 Fifth Third Bank Judgment Vs. C. Randy Lance
http://slidepdf.com/reader/full/fifth-third-bank-judgment-vs-c-randy-lance 1/7
@OHR 2>::>00802> B< :>274 ^< 7882>=/28/2>::>:<08<2= ^I ^jdg : oe 4Rgh Egg< $5:.>>
Ijrtmj >. Mjykcg HoiptroffgrOrjkdg Houkty, EcXJ - Rgt Po< XPOUJXM HJXG & PCKDFGS ^J
CK PMG HCRHWCP HOWRP OE PMG
C KCKPM LW@CHCJF HCRHWCP CK JK@
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horporjtcok,
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vs.
G]O@WX PRWHA XSXPGIX, CKH., j
eorgcdk horporjtcok1 JIGRCHJK
i GZWC^IGKP FGJXCKD, FFH, j eorgcdk
fcictg` fcjbcfctyhoipjky1 JIGRCHJK
GZWC^IGKP FGJXCKD & ECKJKHG,j CKH., j Eforc`j horporjtcok1 HRJKG
HRGGA EWK@CKD, FFH, j eorgcdkfcictg`
fcjbcfctyhoipjky1 PRWHA JHZWCXCPCOK
EWK@CKD, FFH, j eorgcdkfcictg` fcjbcfcty
hoipjky1 KJPCOKJF PRWHA, RG^JCR
& ^JRPX, CKH., j eorgcdkhorporjtcok1jk`
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o@gegk`jkts.
ECKJF LW@DIGKP JDJCKXP @GEGK@JKPX, G]O@WX PRWHA XSXPGIX, CKH., JIGRCHJK GZWC^IGKP FGJXCKD, FFH, JIGRCHJK GZWC^IGKP FGJXCKD &
ECKJKHG, CKH., HRJKG HRGGA EWK@CKD, FFH, PRWHA JHZWCXCPCOK EWK@CKD,j
FFH, KJPCOKJF PRWHA, RG^JCR & ^JRPX, CKH., JK@ H. RJK@S FJKHG,LOCKPFS JK@ XGUGRJFFSc
PMCX HJWXG hjig ok to bg mgjr` ok Jprcf 4, 2>::, upok ^fjcktceesIotcok eorEckjf
Lu`digkt ecfg` ok Egbrujry =, 2>::. Jt tmg mgjrckdjk` subsgqugkt to tmg mgjrckd,tmcsHourt
rgvcgwg` sjc` Iotcok, tmg Eorbgjrjkhg Jdrggigkt `jtg` Ijrhm 20, 2>>3, jt cssug, fjcktcees
'Pmg Hourt cs j`vcsg` tmjt subsgqugkt to tmg mgjrckd ok Jprcf 4, 2>::, @gegk`jkt,
IJRPMJ FJKHG ("Is. Fjkhg"),ecfg` eor protghtcokuk`gr tmg Wkctg` XtjtgBjkarupthy Ho`g. Js j rgsuftoe tmg bjkarupthy ecfckd,tmcsjhtcokcs stjyg` js jdjckst Is. Fjkhg. Pmcs Eckjf
Lu`digkt cs kot j eckjflu`digkt jdjckst Is. Fjkhg jk` tmcsjhtcoksmjffrgijck pgk`ckd js
jdjckst Is. Fjkhg.
7/22/2019 Fifth Third Bank Judgment Vs. C. Randy Lance
http://slidepdf.com/reader/full/fifth-third-bank-judgment-vs-c-randy-lance 2/7
Jeec`jvct oe @gejuft jk` Jioukts @ug Wk`gr Eorbgjrjkhg Jdrggigkt, @gegk`jkts'
Igiorjk`ui oe Fjw ck Rgspoksg jk` Opposctcokto^fjcktcees Iotcok eorEckjfLu`digkt ecfg`
Ijrhm 8, 2>::, jk` ^fjcktceesRgpfy Igiorjk`ui to @gegk`jkts' Igiorjk`ui oe Fjw ck
Rgspoksg jk` Opposctcok to ^fjcktcees Iotcok eor Eckjf Lu`digkt ecfg` Jprcf 0, 2>::.
Pmgrgjetgr,tmcsHourt rgvcgwg` tmg trjkshrcptoe tmg mgjrckd.Ok Lufy :2,2>::, tmcsHourt tmgk
gktgrg` ctsOr`gr Drjktckd Iotcok eorGktry oe Lu`digkt ck ejvoroe ^fjcktcee.
Pmcs Hourt kow ijags tmgeoffowckdECK@CKDX<
:. Xgrvchg oe prohgss mjs bggk propgrfy ij`g jdjckst @gegk`jkts, G]O@WX
PRWHA XSXPGIX, CKH., JIGRCHJK GZWC^IGKP FGJXCKD, FFH, JIGRCHJK
GZWC^IGKP FGJXCKD & ECKJKHG, CKH., HRJKG HRGGA EWK@CKD, FFH, PRWHA
JHZWCXCPCOK EWK@CKD, FFH, KJPCOKJF PRWHA, RG^JCR & ^JRPX, CKH. e/a/j
KjtcokjfPruha Xjfgs& Fgjsckd,Ckh.,jk` H. RJK@S FJKHG (hoffghtcvgfyeor purposgsoe tmcs
EckjfLu`digkt, tmg "@gegk`jkts"),or mjs bggk wjcvg` jk` tmcsHourt mjs lurcs`chtcokovgr tmg
pjrtcgscktmcshjusg jk` ctssublght ijttgr.
2. Ok Ijrhm 20, 2>>3, ^fjcktceejk @gegk`jkts gktgrg` ckto j Eorbgjrjkhg
Jdrggigkt ck sgttfgigktoe tmcsjhtcok.
8. Ok Ijrhm 24, 2>>3, tmcsHourt gktgrg` ctsOr`gr oe @csicssjf Tctmout ^rglu`chg
(Xublghtto Jhtcok Bgckd Rgopgkg`), j`ickcstrjtcvgfycsicssckd,wctmout prglu`chg,tmcsjhtcok,
sublghtto rgopgkckdby jky oe tmg pjrtcgsjtjky tcig ckor`grto obtjck(j)jk or`grck tmgeuturg
`csicssckdtmg jhtcok wctm prglu`chgck jhhor`jkhg wctm tmg provcscoksoe tmg Eorbgjrjkhg
Jdrggigkt or (b)j eckjflu`digkt ck tmg euturgck ejvoroe ^fjcktceegkeorhckdtmg provcscoksoe
2
7/22/2019 Fifth Third Bank Judgment Vs. C. Randy Lance
http://slidepdf.com/reader/full/fifth-third-bank-judgment-vs-c-randy-lance 3/7
tmgEorbgjrjkhg Jdrggigkt upok j `gejuft.Tctmck sjc` Or`gr,tmcsHourt spghcechjffyrgsgrvg`
lurcs`chtcokoetmcs ijttgrto gkeorhgtmg Eorbgjrjkhg Jdrggigkt smouf` tmgrgbg j `gejuft.
0. Pmgrg cs j `gejuft uk`gr tmg tgris oe tmg Eorbgjrjkhg Jdrggigkt ck tmjt
@gegk`jktsmjvg ejcfg to ijag tmg eckjf pjyigkt oe jffoutstjk`ckd prckhcpjf,jhhrug` cktgrgst,
jk` otmgreggs jk` hmjrdgs `ug jk` pjyjbfg uk`gr tmg Eorbgjrjkhg Jdrggigkt jk` tmg Fojk
@ohtukgkts(js`geckg` wctmcktmgEorbgjrjkhg Jdrggigkt) ok Ijrhm 8:,2>:>.
7. Ok Ljkujry 7,2>::, ^fjcktcee,tmroudmctshouksgf, gfcvgrg j fgttgrto@gegk`jkts
`gijk`ckd ciig`cjtg jk` euff pjyigkt oe tmgck`gbtg`kgss.
5. ^fjcktcee provc`g` @gegk`jkts wctm iorg tmjk ecvg(7) `jys kotchgoe tmg mgjrckd
ok cts Iotcok eorEckjfLu`digkt, js rgqucrg` by tmgtgrisoetmgEorbgjrjkhg Jdrggigkt.
4. Js cssgteortmcktmcsHourt'sOr`gr Drjktckd Iotcok eorGktry oe Lu`digkt `jtg`
Lufy :2,2>::, ^fjcktceecs gktctfgto gktryoe j EckjfLu`digkt "hokscstgktwctm cts Iotcok eor
EckjfLu`digkt jk` QtmgYOr`gr." Xgg Or`gr Drjktckd Iotcok eorGktry oe Lu`digkt jt p. 8.
Jhhor`ckdfy,ctcsmgrgby OR@GRG@ jk` J@LW@DG@ tmjt<
=. ^fjcktceeECEPM PMCR@ BJKA's Iotcok eorEckjfLu`digkt csDRJKPG@.
3. ^fjcktceeECEPM PMCR@ BJKA smjff mjvg jk` rghovgr eroi @gegk`jkts,
G]O@WX PRWHA XSXPGIX, CKH., JIGRCHJK GZWC^IGKP FGJXCKD, FFH,
JIGRCHJK GZWC^IGKP FGJXCKD & ECKJKHG, CKH.,HRJKG HRGGA EWK@CKD, FFH1
PRWHA JHZWCXCPCOK EWK@CKD, FFH, KJPCOKJF PRWHA, RG^JCR & ^JRPX, CKH.
efa/j Kjtcokjf Pruha Xjfgs & Fgjsckd, Ckh.,H. RJK@S FJKHG, locktfyjk` sgvgrjffy,tmg
prckhcpjfjioukt oe $0,847,705.2:, pfus jhhrug` cktgrgsttmroudmLufy :7,2>::, ck tmgjioukt oe
$=:=,003.3=, pfus fjtgeggs jk` otmgr bjka eggs jk` hmjrdgsck tmg jioukt oe $75,:84.77,jk`
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7/22/2019 Fifth Third Bank Judgment Vs. C. Randy Lance
http://slidepdf.com/reader/full/fifth-third-bank-judgment-vs-c-randy-lance 4/7
jttorkgys'eggscktmg jioukt oe $0,>>>.>>,eorj totjflu`digkt jioukt oe $7,270,:88.40,wmchm
smjff bgjr cktgrgstjt tmg fgdjfrjtg,wmchm cs hurrgktfy5% pgr jkkui, eroi tmg `jtg oe tmcs
lu`digkt,eor wmchm fgtgxghutcokcssug.
:>. Ck j``ctcok, fjcktceeECEPM PMCR@ BJKA's cktgrgstck tmg pgrsokjf propgrty
`gshrcbg`wctmck tmg Ugrcecg` Hoipfjckt jk` tmg Fojk @ohuigkts (js `geckg` wctmck tmg
Eorbgjrjkhg Jdrggigkt) wjs pgreghtg`,jk` cs supgrcorto tmg cktgrgsthfjcig` by jky oe tmg
@gegk`jkts. Ck tmg gvgkt ^fjcktceeECEPM PMCR@ BJKA fohjtgs spghcechhoffjtgrjfoe
@gegk`jkts,G]O@WX PRWHA XSXPGIX, CKH.1 JIGRCHJKGZWC^IGKP FGJXCKD,
FFH1 HRJKG HRGGA EWK@CKD, FFH1 jk`/orPRWHA JHZWCXCPCOK EWK@CKD, FFH,
tmjthjk bg sgczg` jk` fcquc`jtg` to sjtcseytmcsEckjfLu`digkt,tmgk^fjcktcee ijy rgqugstj Trct
oe Rgpfgvckeroi tmg Hfgra oe Hourt jk` j Trct oe Rgpfgvcksmjffciig`cjtgfycssug.
::. Eor purposgs oe hjfhufjtckdtmg jioukt oe jttorkgys'eggs jwjr`g` to ^fjcktcee
ECEPM PMCR@ BJKA, tmg Hourt mjs hoksc`grg tmgEorbgjrjkhg Jdrggigkt jk` cts provcscokoe
fcquc`jtg` jttorkgy'seggs.Pmg totjfoe $0,>>>.>>ckjttorkgys'eggscsrgjsokjbfg.
:2. Ct cs eurtmgr or`grg` jk` j`lu`dg` tmjt @gegk`jkts, G]O@WX PRWHA
XSXPGIX, CKH., JIGRCHJK GZWC^IGKP FGJXCKD, FFH, JIGRCHJK GZWC^IGKP
FGJXCKD & ECKJKHG, CKH., HRJKG HRGGA EWK@CKD, FFH, PRWHA JHZWCXCPCOK
EWK@CKD, FFH, KJPCOKJF PRWHA, R G^JCR & ^JRPX, CKH. e/a/j KjtcokjfPruha Xjfgs&
Fgjsckd,Ckh.,jk` H. RJK@S FJKHG smjffgjhm hoipfgtg uk`gr ojtm sgpjrjtgEforc`jRufg oe
Hcvcf rohg`urgEori :.344's(EjhtCkeorijtcokXmggts),ckhfu`ckdjffrgqucrg` jttjhmigkts,jk`
sgrvgtmg hoipfgtg` eoris ok ^fjcktceesjttorkgywctmck 07 `jys eroi tmg `jtg oe tmcsEckjf
Lu`digkt, ukfgsstmg EckjfLu`digkt cssjtcsecg` or post-lu`digkt cshovgrycsstjyg`.
0
7/22/2019 Fifth Third Bank Judgment Vs. C. Randy Lance
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:8. Lurcs`chtcokoe tmcs hjsg cs rgtjckg` to gktgr eurtmgror`grs tmjt jrg propgr,
ckhfu`ckd<
j. Jk gigrdgkhy or`gr jppocktckdj rghgcvgrto (:) ijkjdg jk` rghovgr
^fjcktceeECEPM PMCR@ BJKA's hoffjtgrjf,jk` (2)hoffght pjyigkts `ug uk`gr tmgfgjsgsoe tmg
hoffjtgrjf,js tmg hoffjtgrjfcs sublghtto wjstg jk` tmgfgjsg pjyigkts ij`g by tmcr` pjrtcgsjrg
kot bgckd usg` by @gegk`jkts to pjy tmg jioukts `ug ^fjcktcee1jk`
b. Jk or`gr hoipgffckd @gegk`jkts,G]O@WX PRWHA XSXPGIX, CKH.,
JIGRCHJKGZWC^IGKP FGJXCKD, FFH,
JIGRCHJK GZWC^IGKP
FGJXCKD &
ECKJKHG, CKH., HRJKG HRGGA EWK@CKD, FFH, PRWHA JHZWCXCPCOK EWK@CKD,
FFH, KJPCOKJF PRWHA, R G^JCR & ^JRPX, CKH. efafjKjtcokjfPruha Xjfgs & Fgjsckd,
Ckh.,jk` H. RJK@S FJKHG, to hoipfgtg tmg rgqucrg` Ejht CkeorijtcokXmggts,ckhfu`ckdjff
rgqucrg jttjhmigkts,jk` sgrvgtmg hoipfgtg` EjhtCkeorijtcokXmggtsok ^fjcktceesjttorkgy.
:0. Pmg fjstakowk j``rgssgsoe @gegk`jkts,G]O@WX PRWHA XSXPGIX, CKH.,
JIGRCHJK GZWC^IGKP FGJXCKD, FFH, JIGRCHJK GZWC^IGKP FGJXCKD &
ECKJKHG, CKH., HRJKG HRGGA EWK@CKD, FFH, PRWHA JHZWCXCPCOK EWK@CKD,
FFH, KJPCOKJF PRWHA, RG^JCR & ^JRPX, CKH. efafj KjtcokjfPruha Xjfgs& Fgjsckd,
Ckh.,jk` H. RJK@S FJKHG, jrg js eoffows<
j. G]O@WX PRWHA XSXPGIX, CKH.
(Eg`grjfC`gktcechjtcok Kuibgr xx-xxx-40=4)
h/o Jigrchjk Gqucpigkt Fgjsckd,Rgdcstgrg` Jdgkt
84>> 80* XtrggtXuctg:2>Orfjk`o,EF 82=>7
b. JIGRCHJK GZWC^IGKP FGJXCKD, FFH
(Eg`grjfC`gktcechjtcok Kuibgr xx-xxx-:854)h/o Jigrchjk Gqucpigkt Fgjsckd& Eckjkhg,Rgdcstgrg` Jdgkt84>> 80 XtrggtXuctg:2>
Orfjk`o,EF 82=>7
7
7/22/2019 Fifth Third Bank Judgment Vs. C. Randy Lance
http://slidepdf.com/reader/full/fifth-third-bank-judgment-vs-c-randy-lance 6/7
h. JIGRCHJK GZWC^IGKP FGJXCKD & ECKJKHG, CKH.
(Eg`grjfC`gktcechjtcok Kuibgr xx-xxx-8405)
h/o Drgdory Puhhc,Rgdcstgrg` Jdgkt
227 KG = JUG
Ohjfj,EF 8004>
`. HRJKG HRGGA EWK@CKD, FFH
(Eg`grjfC`gktcechjtcok Kuibgr xx-xxx-:>47)h/oBofck Bfjag,Rgdcstgrg` Jdgkt84>> 80 XtrggtXuctg:2>
Tcktgr ^jra EF 82=>7
g. PRWHA JHZWCXCPCOK EWK@CKD, FFH
(Eg`grjfC`gktcechjtcok Kuibgrxx-xxx-030:)hfoRjk`y Fjkhg, Rgdcstgrg` Jdgkt
84>> 80* XtrggtXuctg:2>
Orfjk`o,EF 82=>7
e. KJPCOKJF PRWHA, RG^JCR & ^JRPX, CKH. e/a/j KjtcokjfPruha
Xjfgs& Fgjsckd,Ckh.
(Eg`grjfC`gktcechjtcok Kuibgr xx-xxx-2427)h/o Jigrchjk Gqucpigkt Fgjsckd,Rgdcstgrg` Jdgkt84>> 80 XtrggtXuctg:2>
Orfjk`o,EF 82=>7
d. H. RJK@S FJKHG
(XohcjfXghurcty Kuibgr Wkakowk):8:: JtfjktchXtrggt
Igfbourkg, EF 8237:
:7. ^fjcktcee,ECEPM PMCR@ BJKA's j``rgsscs333 Ujk`grbcftBgjhm Roj`, Kjpfgs,
Eforc`j80:>=.
@OKG JK@ OR@GRG@ ck Orjkdg Houkty,Eforc`j,tmcs `jy oe `:>::.
r 'haL.Fjutgk
Hcrg ctLu`dg
XPJPG OE EFORC@J,HOWKPS OE ORJKDG :MGRGBS HGRPCES
7/22/2019 Fifth Third Bank Judgment Vs. C. Randy Lance
http://slidepdf.com/reader/full/fifth-third-bank-judgment-vs-c-randy-lance 7/7
HGRPCECHJPG OE XGRUCHG
C MGRGBS HGRPCES tmjtok 2>::, C sgrvg` tmg ebrgdockdEckjfLu`digkt vcj
Wkctg` Xtjtgs Ijcf / Mjk` @gfcvgry k Robg L. Xtovjsm,Gsqucrg, Houksgf eor ^fjcktcee,jt
Xtovjsm,Hjsg & Pckdfgy, .J.,2>> X. Orjkdg Jvgkug, Xuctg:22>, Orfjk`o,Eforc`j82=>: jk` ok Jffjk ^. Tmctgmgj`, Gsqucrg, Houksgf eor @gegk`jkts, jt Ergsg, Mjksgk, Jk`grsok, Jk`grsok,Mgustok & Tmctgmgj`, ^.J.,22>> EroktXtrggt,Xuctg8>:, Igfbourkg, Eforc`j823>:.
Jsscs
4
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