Turner v. Exchange Bank

This is a Truth-In-Lending Act case.

The plaintiff (Bank) sued the defendant (Turner) for a deficiency on a promissory note. The defendant filed a truth-in-lending counterclaim. Both parties sought a summary judgment. The trial court granted the Bank’s request for a summary judgment and Turner appeals.

Turner contends that the Bank violated the Federal Truth-In-Lending Act. and Federal Reserve Regulation Z, and therefore, the trial court erred in failing to grant Turner’s motion for summary judgment. The dispositive issue is whether the Bank failed to describe or identify the type of security…