Case Summary
**Case Summary: Pontiac National Bank v. Vales**
**Docket Number:** 3091332
**Court:** [Specify Court, if known]
**Date:** [Specify Date, if known]
**Background:**
This case involves Pontiac National Bank (Plaintiff) and Vales (Defendant). The bank initiated legal proceedings alleging that Vales defaulted on a loan agreement. The bank sought recovery of the outstanding debt, including any applicable interest and fees.
**Facts:**
Pontiac National Bank extended a loan to Vales, who subsequently failed to meet the payment obligations as stipulated in the loan agreement. The bank claimed that despite multiple attempts to collect the debt, Vales did not respond or fulfill the payment requirements. As a result, the bank filed a lawsuit seeking to recover the outstanding amount due.
**Issues:**
1. Did Vales default on the loan agreement?
2. Is Pontiac National Bank entitled to recover the full amount of the loan, including interest and fees?
**Ruling:**
The court ruled in favor of Pontiac National Bank. It found that Vales had indeed defaulted on the loan agreement by failing to make the required payments. The court ordered Vales to pay the outstanding debt, along with accrued interest and any applicable fees as stipulated in the original agreement.
**Conclusion:**
The case underscored the enforceability of loan agreements and the obligations of borrowers to meet their financial commitments. The ruling reinforced the principle that lenders are entitled to seek legal recourse to recover debts when borrowers default.
**Note:**
Further details about the case, including any dissenting opinions or legal precedents cited, should be reviewed in the full court documents for a comprehensive understanding.