U.S. Rep. Tom Graves' attorney says the disputed loan agreement between his client and a Northwest Georgia bank is not valid because the bank should have known the Georgia congressman couldn't repay the money and it cut the lawmaker some slack when his company couldn't make payments.
In court documents, attorney Simon Bloom contends Bartow County Bank never should have issued Graves and his business partner a loan, citing statements in a deposition in which a bank official admitted knowing the partners did not have the money to guarantee the loan.
Graves and state Senate Majority Leader Chip Rogers, R-Woodstock, took out a loan to go into the hotel business, running the Oglethorpe Inn off Interstate 75 in Calhoun.