The defendants brought a motion for summary judgment dismissing a negligence action arising from the cancellation of a line of credit and credit card.
The plaintiff alleged the bank negligently cancelled the facilities after receiving a credit bureau report, causing financial loss, stress, and credit damage.
The court held the parties were in a standard creditor–debtor relationship with no special duty of care beyond contractual obligations.
It found the bank acted reasonably in requesting updated financial disclosure and in cancelling the facilities after the plaintiff refused disclosure and withdrew large sums during the review.
Summary judgment was granted dismissing the claim and awarding judgment to the bank on its counterclaim, though the court reduced interest and costs due to aspects of the bank’s conduct.