CommunityBank of Texas has filed suit against Sabine resident David Truax, alleging he has defaulted on a loan with an outstanding balance of more than $24,000.
The suit was filed Dec. 28 in Jefferson County District Court.
According to the lawsuit, Truax entered into a loan agreement with the bank on April 4 and defaulted by failing to make payments on his loan. The principal balance due on the account is $24,174.46, plus $524.43 in accrued interest.
“Plaintiff has demanded defendant pay this amount, but defendant has not done so,” the suit states.
The suit further accuses the defendant of breaching his contract.
The lender is suing for $24,698,89 in actual damages, plus $2,500 in attorney’s fees.
Beaumont attorney John Parsons of Lindsay, Lindsay & Parsons represents the lender.
Judge Milton Shuffield, 136th District Court, is assigned to the case.
Case No. D193-765