Household Consumer Discount Co. v. Payne

This is an appeal from a ruling of the Akron Municipal Court denying the defendants’ motion for summary judgment. We affirm.

Facts

The defendants, Robert and Ora Payne, defaulted on a promissory note held by the plaintiff, Household Consumer Discount. The plaintiff sued on the note. Alleging that the note violated the Truth in Lending Act, Section 1601 et seq., Title 15, U.S. Code (1968), the defendants counterclaimed for the statutory damages authorized in Section 1640, Title 15, U.S. Code. Specifically, defendants alleged that the disclosure of default charges did not comply with 12 C.F.R.,…