Smith v. Anderson

WILKINSON, Circuit Judge:

Alexander Smith, as trustee for the bankruptcy estate of Kenneth and Cynde Anderson, brought suit against U.S. Credit Corporation alleging violations of Virginia usury statutes and the Federal Truth-in-Lending Act in a loan to the Andersons. The district court, 626 F.Supp 102, finding no violations, entered summary judgment in favor of U.S. Credit on all counts of the trustee’s complaint. We affirm.

I

Kenneth and Cynde Anderson entered into a loan agreement with U.S. Credit Corporation in October, 1983. The principal amount of the loan was $18,350. The note signed by…