Aetna Finance Co. v. Brown

McMurray, Chief Judge.

On or about October 24, 1980, Evelyn Brown and Charlie Brown (borrowers) entered into a consumer loan agreement with Aetna Finance Company (lender). In exchange for a cash advance of $2,145.06, the Browns executed to “Aetna” a note in the amount of $3,528. This sum consists of $2,617.57 principal, including $472.51 prepaid credit insurance premiums ($176.26 for credit life insurance, $176.25 for credit disability insurance, and $120 for household goods insurance), $797.54 interest, $40.89 prepaid finance charge, and $72 maintenance charge ($2 per month for 36 months).…