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Tuesday, July 26, 2016

Ed Jennings, Jr. sued for $100,000 unpaid loan

Ed Jennings, Jr., a regional administrator in the U.S. Department of Housing and Urban Development, has been listed as a defendant in a complaint filed by the Heritage Bank of the South, a successor of Alarion Bank, over an unpaid loan valued at $100,000.

Jennings reportedly failed to pay an installment on the loan due on Nov. 15, 2014 and all subsequent payments, and attempts to reach the former member of the Florida House of Representatives have reportedly been unsuccessful.

Documents obtained by the Alligator reveal that Jennings took out a loan from Alarion Bank for $144,504 on Aug. 3, 2011. Jennings reportedly owes $100,579.31 in principal on the loan along with $1,829 in unpaid interest. He also reportedly owes $4,618.45 in late fees as of March 11.

A Gainesville native, Jennings agreed to pay the loan back in 59 installments of $2,697.80, with the final payment due on Aug. 1, 2016.

But officials reportedly had difficulty locating and summoning Jennings over the past three months, despite his status as an arguably highly public government employee.



Anonymous said...

HUD is full of corruption, theft and waste. And then there are scofflaws like this one who makes well over $100,000 yearly, but thumbs his nose at his borrowing obligations.

Anonymous said...

I think that an ethics investigation is warranted, along with maybe an audit.