Pacific Concrete Federal Credit Union v. Kauanoe

OPINION OF THE COURT BY

RICHARDSON, C.J.

Defendant-appellant Andrew J. S. Kauanoe appeals from a circuit court decision granting summary judgment in favor of plaintiff-appellee Pacific Concrete Federal Credit Union. We reverse.

Appellant entered into two loan transactions with appellee totalling $6,216.02 on August 22, 1974 and October 1, 1974. On May 5, 1976 appellee sued appellant for $4,646.32, the outstanding balance owing on the loans. In his answer and counterclaim appellant alleged several violations of the federal “Truth in Lending” statute — the Consumer Credit Protection Act, 15 U.S.C.…