Pysh v. Security Pacific Housing Service

BECK, Judge.

This case presents a single issue — whether a financing company’s use of the “Rule of 78s” method of calculating the unearned finance charge to be rebated to the owner of a mobile home upon prepayment of his/her installment sales contract for the mobile home violates the Motor Vehicle Sales Finance Act. The trial court found that such a method of calculation does not violate the Act. Finding no error in the trial court’s analysis, we affirm.

The issue arises in the context of an action commenced by appellants, Daniel J. and Janice L. Pysh, against appellee Security Pacific Housing…