Legal Opinion
Davis v. Redstone Federal Credit Union
Court of Civil Appeals of Alabama
Decided September 19, 1979No. Civ. 1835PublishedCited by 2 opinions
1Opinion of the Court
HOLMES, Judge.
The defaulting debtor appeals from a judgment of the Circuit Court of Madison County determining that federal credit unions are exempt from the provisions of the Alabama Consumer Credit Act (the Mini-Code), §§ 5-19-1 et seq., Code of Ala.1975.
Specifically, the debtor contends the trial court erroneously awarded an attorney’s fee of 20% of the unpaid balance of the loan upon which he had defaulted. We affirm.
The facts are as follows: The debtor obtained a loan of $2,000 from Redstone Federal Credit Union, signing a promissory note which incorporated a consumer disclosure…
2Cases cited7 opinions
- Ray v. Atlantic Richfield Co.Supreme Court of the United States · 1978
- Farmers' & Mechanics' National Bank v. DearingSupreme Court of the United States · 1875
- Geohagan v. General Motors Corp.Supreme Court of Alabama · 1973
- McAnally v. Ideal Federal Credit UnionSupreme Court of Oklahoma · 1967
- Christian v. Atlanta Army Depot Federal Credit UnionCourt of Appeals of Georgia · 1976
2 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Davis v. Redstone Federal Credit UnionSupreme Court of Alabama · 1980
- McInnish v. BennettSupreme Court of Alabama · 2014