Legal Opinion

Kovalik v. Delta Investment Corp.

Court of Appeals of Arizona

Decided May 20, 1980No. Nos. 1 CA-CIV 4460, 1 CA-CIV 4786PublishedCited by 1 opinion

1Opinion of the Court

OPINION

EUBANK, Presiding Judge.

Appellant Delta Investment Corporation questions whether its contract with Russell and Nancy Kovalik (appellees) was subject to the Federal Truth In Lending Act (15 U.S.C. § 1635), and asks us to determine the proper remedy for a creditor’s failure to comply with the section.

Appellees entered into a written contract to purchase a lot in appellant’s mobile home park on April 24, 1974. They made a down payment and the balance was due in monthly installments. Appellant retained a lien against the lot, and title was to pass to appellees only upon payment of the full…

2Cases cited5 opinions

Betty Eby, a Widow v. Reb Realty, Inc., an Arizona Corporation, and Don Dailey Realty, an Arizona CorporationCourt of Appeals for the Ninth Circuit · 1974
Sosa v. FiteCourt of Appeals for the Fifth Circuit · 1974
Livingston v. Citizen's Utility, Inc.Arizona Supreme Court · 1971
Charnita, Inc., a Corporation and Charles G. Rist, Individually and as an Officer of Said Corporation v. Federal Trade CommissionCourt of Appeals for the Third Circuit · 1973
Insurance Agencies Co. v. WeaverArizona Supreme Court · 1979

3Cited by1 opinion

Northern Arizona Properties v. Pinetop Properties GroupCourt of Appeals of Arizona · 1986