Security State Bank v. Broadhead

DURHAM, Justice:

D. Wayne Broadhead (debtor) seeks reversal of a deficiency judgment against him in favor of Security State Bank (bank). Debtor seeks remand for an award of damages on a counterclaim he filed against bank. We affirm.

The Deficiency Judgment

Debtor obtained financing from bank for his purchase of a 1977 Dodge truck by executing an installment note in favor of bank on September 20,1977. Debtor failed to make payments as they came due under the terms of the note. In October 1978, bank repossessed the truck from the premises of a business owned by debtor's father-in-law. During the…