Everett J. Flesher and Rita Flesher v. Household Finance Corporation of Ohio

Plaintiffs appeal from a summary judgment for defendants in this action for monetary damages for the violation of the Truth in Lending Act (“Act”), 15 U.S.C. § 1601 et seq., and regulations of the Federal Reserve Board (“Regulation Z”), 12 C.F.R. § 226 et seq. Because the defendant failed to clearly and conspicuously disclose the amount of the default and deferment charge, we reverse the judgment of the district court and remand the case to the district court.

I

The plaintiffs secured a consumer loan on April 18, 1977, from the Household Finance Corporation (“HFC”). HFC supplied the plaintiffs…