National Collegiate Student Loan Trust 2004-1 v. Richard Pleasant Patsy Brown

CourtLouisiana Court of Appeal
DecidedDecember 18, 2024
Docket55,970-CA
StatusPublished

This text of National Collegiate Student Loan Trust 2004-1 v. Richard Pleasant Patsy Brown (National Collegiate Student Loan Trust 2004-1 v. Richard Pleasant Patsy Brown) is published on Counsel Stack Legal Research, covering Louisiana Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
National Collegiate Student Loan Trust 2004-1 v. Richard Pleasant Patsy Brown, (La. Ct. App. 2024).

Opinion

Judgment rendered December 18, 2024. Application for rehearing may be filed within the delay allowed by Art. 2166, La. C.C.P.

No. 55,970-CA

COURT OF APPEAL SECOND CIRCUIT STATE OF LOUISIANA

*****

NATIONAL COLLEGIATE Plaintiff-Appellee STUDENT LOAN TRUST 2004-1

versus

RICHARD PLEASANT Defendants-Appellants PATSY BROWN

Appealed from the Fourth Judicial District Court for the Parish of Ouachita, Louisiana Trial Court No. 2021-0377

Honorable Alvin R. Sharp, Judge

PLEASANT AND WILLIAMS, THE Counsel for Appellants BARRISTERS’ LAW GROUP, LLC By: Jessica W. Williams

SESSIONS ISRAEL & SHARTLE, LLC Counsel for Appellee By: Justin H. Homes

EATON GROUP ATTORNEYS, LLC By: Gregory M. Eaton Lewis E. Eaton Matthew J. Sylvest Markita Hawkins

Before COX, THOMPSON, and MARCOTTE, JJ. MARCOTTE, J.

This appeal arises from the Fourth Judicial District Court, Parish of

Ouachita, the Honorable Alvin Sharp presiding. Appellants-defendants,

Richard Pleasant and Patsy Brown, appeal the trial court’s ruling granting

summary judgment in favor of plaintiff-appellee, National Collegiate

Student Loan Trust 2004-1 (“NCSLT 2004-1”), finding them liable for an

outstanding student loan balance. Defendants also argue that the trial court

incorrectly denied their exceptions of no right of action and lack of

procedural capacity, as well as their motion to consolidate. For the

following reasons, we affirm.

FACTS

This suit arises from a defaulted student loan. On February 5, 2021,

NCSLT 2004-1 filed a petition in Ouachita Parish against Pleasant and

Brown, seeking judgment in the amount of $64,375.81, together with

accrued interest of $28,634.78, an additional 3.5% interest from the date of

judgment, and costs of proceedings. Pleasant was also sued in five other

student loan collection actions in Ouachita Parish, each by a different but

related plaintiff. Pleasant’s wife, Kristen Pleasant, was also sued for her

student loan debt by six different entities related to NCSLT 2004-1 in

Ouachita Parish on the same day. Brown was the guarantor for Richard and

Kristen Pleasant’s loans.

The petition was supported by a January 11, 2021, affidavit of Anna

Kimbrough with various exhibits. Ms. Kimbrough, an employee of

Transworld Systems, Inc. (“Transworld”), explained that American

Education Services (“AES”) was the previous loan servicer for NCSLT 2004-1, but now Transworld is the designated custodian of records

concerning defaulted loan records and maintains records of all “electronic

transactions pertaining to the educational loan, including, but not limited to,

payments, credits, interest accrual and any other transactions that could

impact the loan.”

The petition, affidavit, and attachments alleged that on April 27, 2004,

Pleasant signed a Non-Negotiable Credit Agreement (“Credit Agreement”)

to secure from Bank One, N.A. (“Bank One”) an undergraduate student loan

in the principal amount of $30,000.00, plus origination and finance charges.

The first page of the Credit Agreement included the following

affirmation:

By my signature, I certify that I have read, understand and agree to the terms of and undertake the obligations set forth on all four (4) pages of this Application/Promissory Note.

The Credit Agreement contained a promise to pay and the necessary

features of a conventional obligation. In Section A, Pleasant promised “to

pay to your order, upon the terms and conditions of this

Application/Promissory Note, all principal, interest and other charges set

forth herein.”

Section B provided, in part:

1. By signing this Application/Promissory Note, and submitting it to you, I am requesting that you make this loan to me in an amount equal to the Loan Amount Requested plus any Loan Origination Fee described in Paragraph F of this Application/Promissory Note. ...

2. If you decide to make a loan to me, you will mail me the disbursement check (the “Disbursement Check”) and a statement disclosing certain information about the loan in accordance with the federal Truth-in-Lending Act (the “Disclosure Statement”) ... In addition to other information,

2 the Disclosure Statement will tell me the amount of my disbursement and the amount of the Loan Origination Fee. The Disclosure Statement is part of this Application/Promissory Note....My endorsement of the Disbursement Check will acknowledge receipt of the Disclosure Statement and my agreement to be legally bound by this Application/Promissory Note.

Pleasant and Brown did not dispute receiving the loan proceeds and

entering into a student loan contract.

The Disclosure Statement indicated the loan was disbursed on May 3,

2004, and specified the amount lent to Pleasant ($30,000) plus an origination

fee of $3,519.55. The Disclosure Statement also notified Pleasant that

finance charges on the interest-bearing loan over the full course of

repayment were estimated in the amount of $62,640, for an estimated total

repayment of $92,640.

On June 10, 2004, while the loan was still in good standing, Bank One

sold and assigned the loan to National Collegiate Funding, LLC (“NCF”), as

evidenced by a “Pool Supplement” of the same date. Article 1 of the June

10, 2004, Pool Supplement provided, in pertinent part:

[Bank One] hereby transfers, sells, sets over and assigns to [NCF] ... each EDUCATION ONE Loan described in the attached Schedule 2 (“the Transferred EDUCATION ONE Loans”)[.] *** [NCF] in turn will sell the Transferred EDUCATION ONE Loans to The National Collegiate Student Loan Trust 2004-1[.] *** [Bank One] hereby transfers and delivers to [NCF] each EDUCATION ONE Note evidencing such EDUCATION ONE Loan and all Origination Records relating thereto[.] *** [NCF] hereby purchases said EDUCATION ONE Notes on said terms and conditions.

Then, on the same day, NCF, as seller, sold the loan together with all

the other student loans in that pool, to NCSLT 2004-1 under a “Deposit and

3 Sale Agreement.” NCF also assigned to NCSLT 2004-1 all of its rights,

title, and interest in the Pool Supplement in which Pleasant and Brown’s

loan was listed. The June 10, 2004, Deposit and Sale Agreement provided,

in pertinent part:

ARTICLE I TERMS

This Sale Agreement sets forth the terms under which [NCF] is selling and [NCSLT 2004-1] is purchasing the student loans listed on Schedule 2 to each of the Pool Supplements set forth on Schedule A attached hereto (the “Transferred Student Loans”). …

ARTICLE III SALE AND PURCHASE

Section 3.01. Sale of Loans. [NCF] hereby sells and [NCSLT 2004-1] hereby purchases the Transferred Student Loans.

Section 3.02. Assignment of Rights. [NCF] hereby assigns to [NCSLT 2004-1] and [NCSLT 2004-1] hereby accepts all of [NCF]’s rights and interests under each of the Pool Supplements listed on Schedule A attached hereto[.]

Consistent with Article I, the June 10, 2004, Pool Supplement by

which NCF acquired the loan was identified on Schedule A of the

June 10, 2004, Deposit and Sale Agreement, as follows:

Bank One, NA, dated June 10, 2004, for loans that were originated under Bank One’s CORPORATE ADVANTAGE Loan Program and EDUCATION ONE Loan Program.

This was the same Pool Supplement in which the loan was scheduled

as described above.

After the period for in-school deferment expired and the loan entered

repayment, NCSLT 2004-1 received several payments on the loan before

Pleasant and Brown defaulted. On September 1, 2011, the loan charged-off.

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National Collegiate Student Loan Trust 2004-1 v. Richard Pleasant Patsy Brown, Counsel Stack Legal Research, https://law.counselstack.com/opinion/national-collegiate-student-loan-trust-2004-1-v-richard-pleasant-patsy-lactapp-2024.