NBC MONTANA-
A woman who sued US Bank alleging the company defrauded her when she sought a $300,000 loan to buy a condo in Bozeman has been awarded $6 million in damages.
Gallatin County jury on Friday awarded 55-year-old Mary McCulley $1 million in compensatory damages and $5 million in punitive damages for fraud.
McCulley sued in October 2009, alleging that between the time she signed the promissory note and when the loan went through, the condo’s deed changed from residential to commercial use and her expected 30-year mortgage became an 18-month commercial loan. She was unable to refinance, so she sold the condo to repay the loan.