Toledo Metro Federal Credit Union v. Ted Papenhagen Oldsmobile, Inc.

Connoes, .J.

This is an appeal from a judgment entered in the Municipal Court of Sylvania, dismissing the second count of plaintiff’s two-count amended complaint.

Plaintiff, Toledo Metro Federal Credit Union, is a federally chartered credit union which provides various financial services to employees of the city of Toledo. In September 1975, plaintiff loaned a sum of money to Allen E. Stowers, one of its members. Plaintiff secured that loan by filing a security lien on a 1973 Oldsmobile, the automobile purchased by Mr. Stowers with the aforementioned loan.

When Mr. Stowers became delinquent in…