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"Regions Bank filed a breach of contract suit against Justin Warren and Brian Koontz in Madison County Circuit Court March 5, alleging they have failed to repay a $64,000 loan.<br /><br />Regions claims the defendants executed the promissory note for the loan on Feb. 28, 2007, and have failed to make the agreed monthly payments since September 2007.<br /><br />According to Regions, as of Feb. 12, Warren and Koontz owe $60,772.80 in principal, accrued interest of $2,420.36 and $156.29 in late charges totaling $63,349.45, plus interest that continues to accrue at a rate of $15.62 per day.<br /><br />Represented by Deborah Volmert of Belleville, Regions is seeking $63,349.45 plus costs, attorney fees and interest.<br /><br />The case has been assigned to Circuit Judge Daniel Stack.<br /><br /><i>08 L 186</i><br />"^^<http://www.w3.org/2001/XMLSchema#string>
<http://madisonrecord.com/stories/510564352-regions-files-breach-complaint-in-madison-county>