Stone v. Davis

In this appeal, Ashtabula S & L advances six propositions of law which are considered infra.

I

Propositions of law Nos. 1 through 3, which may be treated together, read as follows:

“[1.] A federal truth-in-lending Regulation Z disclosure form promulgated by the Federal Reserve Board does not render a creditor using such form liable under Ohio law in either contract or tort for the non-existence of insurance for which a debtor has indicated his ‘desire’ on the disclosure form.

“[2.] A lending institution dealing at arm’s length with a prospective borrower prior to the creation of any…