Hanley Loan Default Hearing Delayed

Bel Air Commissioner was in court Monday for the next phase in a legal dispute with over a $570,000 loan on which, court records say, he may have defaulted.

Instead of coming to a resolution, however, the case was continued until Jan. 24. Hanley, his lawyers and representatives from Harford Bank waited in the halls of for two hours before briefly meeting and agreeing to delay the matter until the start of the year.

The legal dispute stems from a complaint from Harford Bank that Hanley’s company, Hanley Investments LLC, defaulted on a loan. The loan was issued in December 2009 and the funds were to be used to build houses in the 1000 block of Oak Street in Bel Air.

The bank claims Hanley, his company and his wife Debra defaulted on the loan because they did not pay interest for four consecutive months between November and February, according to court documents.

Hanley claims a payment of more than $30,000 was made to the bank but never credited.