Kelly D. Bush v. Commerce Union Bank d/b/a Reliant Bank

CourtCourt of Appeals of Tennessee
DecidedAugust 29, 2025
DocketM2024-01007-COA-R3-CV
StatusPublished

This text of Kelly D. Bush v. Commerce Union Bank d/b/a Reliant Bank (Kelly D. Bush v. Commerce Union Bank d/b/a Reliant Bank) is published on Counsel Stack Legal Research, covering Court of Appeals of Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Kelly D. Bush v. Commerce Union Bank d/b/a Reliant Bank, (Tenn. Ct. App. 2025).

Opinion

08/29/2025 IN THE COURT OF APPEALS OF TENNESSEE AT NASHVILLE July 8, 2025 Session

KELLY D. BUSH, ET AL. v. COMMERCE UNION BANK D/B/A RELIANT BANK, ET AL.

Appeal from the Chancery Court for Williamson County No. 24CV-53410 Joseph A. Woodruff, Judge ___________________________________

No. M2024-01007-COA-R3-CV ___________________________________

Over ten years ago, Commerce Union Bank, d/b/a Reliant Bank (“the Bank”) obtained a deficiency judgment for a property owned by Dr. Byron V. Bush and Kelly D. Bush (“Plaintiffs”) that Plaintiffs used to secure a loan. Since then, Plaintiffs have filed and lost four appeals related to this case. In March 2024, Plaintiffs filed a complaint for fraudulent breach of contract against the Bank; the late Devan D. Ard, Jr., the former Bank president; Rick Belote, Senior Vice President of the Bank; and William Ronald DeBerry1 (collectively, “Defendants”). Defendants filed a motion for sanctions pursuant to Tennessee Rule of Civil Procedure 11.03. The Chancery Court for Williamson County (“the Trial Court”) granted the motion, dismissed Plaintiffs’ complaint with prejudice, awarded Defendants attorney’s fees and expenses incurred in filing the motion, and imposed a screening mechanism on any future filings by Plaintiffs. Plaintiffs appeal. Discerning no reversible error, we affirm.

Tenn. R. App. P. 3 Appeal as of Right; Judgment of the Chancery Court Affirmed; Case Remanded

D. MICHAEL SWINEY, C.J., delivered the opinion of the court, in which W. NEAL MCBRAYER and JEFFREY USMAN, JJ., joined.

Kelly D. Bush and Byron V. Bush, Brentwood, Tennessee, Pro Se.

Stephen M. Montgomery, Nashville, Tennessee, for the appellees, Reliant Bank, Rick Belote, William Ronald DeBerry, and Devan D. Ard, Jr.

1 Although the complaint provides no description of DeBerry’s role in this case, the United States Court of Appeals for the Sixth Circuit identified DeBerry as the former CEO and Chairman of the Bank in Bush v. Reliant Bank, No. 22-5656, 2023 WL 5275025, at *1 n.1 (6th Cir. Apr. 10, 2023). OPINION

Background

This is not the first time this dispute has been before this Court on appeal. This Court first addressed this dispute in an appeal in 2016, explaining the initial procedural history as follows:

This is a post-foreclosure action in which the lender seeks to recover a deficiency judgment, interest, and the costs of collection. In their answer, the borrowers asserted that the loan was a nonrecourse debt; thus, they were not liable for the deficiency. Alternatively, they asserted that the property sold at foreclosure for an amount materially less than its fair market value. Following a bench trial, the trial court concluded that the loan was a full recourse debt as to both borrowers. This determination was based on, inter alia, the finding that all parties intended the borrowers to be personally liable. The trial court also concluded that the lender was entitled to a deficiency judgment, finding that the borrowers failed to overcome the rebuttable presumption that the foreclosure sale price was equal to the fair market value of the property at the time of the foreclosure sale. See Tenn. Code Ann. § 35-5-118. The trial court awarded the lender a judgment of $640,783.41, plus interest and attorney’s fees, against the borrowers jointly and severally. As the foregoing indicates, our review is benefited by the trial court’s Tenn. R. Civ. P. 52.01 findings of facts and conclusions of law, which disclose the reasoned steps by which the trial court reached its ultimate conclusion and enhance the authority of the trial court’s decision. Having reviewed the trial court’s findings of fact in accordance with Tenn. R. App. P. 13(d), we have concluded that the evidence does not preponderate against the trial court’s findings and that the trial court identified and properly applied the applicable legal principles. For these reasons, we affirm.

In 2006, Byron V. Bush, D.D.S., purchased approximately five acres of unimproved commercial property in Davidson County, Tennessee, located at the southeastern corner of the intersection of Old Hickory Boulevard and Interstate 24, referred to as “StarPointe property” or “StarPointe.”

On November 30, 2007, Dr. Bush and his wife, Kelly Bush (collectively “the Bushes”), entered into a Multipurpose Note and Security Agreement (the “Original Note”) with Commerce Union Bank, Brentwood, Tennessee, d/b/a Reliant Bank (“Reliant”), for the original principal amount of $1,500,000. To secure the Original Note, the Bushes concomitantly -2- executed a deed of trust. Thereafter, the Original Note was renewed on three occasions to defer the due date: January 14, 2010; January 14, 2011; and May 14, 2011.

When the note matured on December 30, 2011, the entire principal balance remained unpaid and outstanding. Thereafter, the Bushes entered into a Forbearance Agreement in which they acknowledged that they were in default in the amount of $1,547,906.26 and waived all claims against Reliant. The agreement temporarily modified their payments due under the note until June 30, 2012, and provided the Bushes an opportunity to either (1) complete a sale of StarPointe prior to the expiration of the forbearance period and pay to Reliant $1,400,000 at closing or (2) pay Reliant $1,400,000 prior to the expiration of the forbearance period. The Bushes failed to satisfy the requirements under the agreement, and by letter dated July 23, 2012, Reliant declared the note in default, accelerated the entire principal and interest balance, and made a demand for payment in full. When the Bushes did not cure the default, Reliant initiated foreclosure proceedings on StarPointe.

***

The Bushes did not attend the foreclosure sale either in person or by representation. Reliant was the only bidder, bidding $1,050,000 based upon the appraisal Reliant ordered from B.G. Jones & Company, LLC prior to the original scheduled foreclosure date that valued the property at $1,050,000, with an effective date of September 19, 2012. Due to the foreclosure being delayed, B.G. Jones & Company, LLC provided a second appraisal, with an effective date of January 2, 2013, that also valued the property at $1,050,000.

Because the foreclosure sale price did not fully satisfy the amount due under the note, Reliant filed a complaint seeking a deficiency judgment against the Bushes in the amount of $569,706.65, plus interest and costs of collection including attorneys’ fees. In their answer, the Bushes alleged that they were not personally liable for the deficiency because the note was a nonrecourse note. They also alleged that StarPointe was sold at foreclosure for an amount “materially less” than its fair market value, which the Bushes claimed was “at least $1.8 million dollars.”

The parties agreed and the trial court found that there were two issues to be decided: (1) whether the note made by the Bushes to the order -3- of Reliant was intended by the parties to be a nonrecourse note; and (2) whether Reliant bid materially less than fair market value for StarPointe at the foreclosure sale.

At the conclusion of the trial, the court entered separate orders addressing each issue, both of which include extensive findings of fact and conclusions of law. As to the first issue, by Order entered October 14, 2014, the trial found that the loan from Reliant to the Bushes is a full recourse transaction and that they are liable to Reliant for the entire amount of the deficiency. Concerning the foreclosure sale price of StarPointe, by Memorandum and Order entered October 22, 2014, the trial court found that the Bushes’ evidence concerning value did not overcome the presumption afforded Reliant, pursuant to Tenn. Code Ann.

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Bluebook (online)
Kelly D. Bush v. Commerce Union Bank d/b/a Reliant Bank, Counsel Stack Legal Research, https://law.counselstack.com/opinion/kelly-d-bush-v-commerce-union-bank-dba-reliant-bank-tennctapp-2025.