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Jermaine Dupri

In DANGER Of Losing

So So Def Music

5/31/2013 10:14 AM PDT BY TMZ STAFF
breaking news

0531_jermaine_dupri
Jermaine Dupri
is in jeopardy of losing his rights to the music from his So So Def label ... because he can't seem to pay off an enormous loan.

Dupri borrowed $4.8 mil from SunTrust Bank back in 2010 .... he paid more than half of it back, but then the bank stopped getting payments.  So SunTrust is now suing Dupri for nearly $2 mil -- the balance due, plus interest.

Here's the BIG problem ... In order to get the loan, Dupri had put up collateral, in the form of copyrights and royalties to the many songs his label owns from artists like Xscape, Bow Wow and Da Brat

As far as we can see, Dupri still hasn't anted up the cash.  And it's not his only trouble with $$$.  He paid off a $3 MILLION tax lien in February and dodged the foreclosure of his Atlanta mansion TWICE in the past year

update_bar
3:35 PM PT -- Dupri tells TMZ ... the lawsuit filed by SunTrust is completely BOGUS -- telling us, "SunTrust bank is full of s**t."

48 COMMENTS

No Avatar
1.

Donka Do Ball    

Back to drinking Malt Liquor, and livin' on Welfare.

328 days ago
2.

trini_angel    

When they have they spend like there's no tomorrow so....

328 days ago
3.

JameshaTaylor    

I never feel sorry for these celebrities.

328 days ago
4.

ABB    

Brothas just don't know how to handle money! Except Michael Jordan, Tiger Woods, Magic Johnson, P. Diddy, Jay Z. Oh where the hell I'm I going with this? :)

328 days ago
5.

Ryuga the Dragon Emperor    

He sucks at making music anyway.

328 days ago
6.

Rubatha    

Celebs would have so much money if they would stop making it rain in the club

328 days ago
7.

CaMeO    

Hit up 1 of your millionaire friends. Should be pocket change for them.

328 days ago
8.

Rubatha    

Celebs wouldn't have these problems if they would stop making it rain in the club

328 days ago
9.

samson    

Sell the mansion and live like a suburban king (you know, big-screen TV, nice deck) in a regular size house, then pay off your debt and keep your label. Problem solved.

328 days ago
10.

MSCSpecial    

I guess money is a thang!

328 days ago
11.

Ipromoteviolence    

Dumbass

328 days ago
12.

Coupe09    

Ask your girl Mariah for some money jermaine. Smh

328 days ago
13.

poondaddy11    

****in porch monkey

328 days ago
14.

static    

You can only fake it for so long.

328 days ago
15.

I DON'T GIVE A F    

I guess money IS a thing... huh JD??

328 days ago
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