Northwest Bank & Trust Co. v. Gutshall

REES, Justice.

This is an appeal by the defendant Ronald Gutshall from the trial court’s award of a deficiency judgment in favor of plaintiff Northwest Bank & Trust Company and from the judgment of the court dismissing defendant’s counterclaims against the ap-pellee Bank for alleged violations of the Iowa Commercial Code, the Iowa Consumer Credit Code, and the Federal Truth-in-Lending Act. We reverse and remand for the award of appropriate damages.

Prior to July 1,1974 (the effective date of the Iowa Consumer Credit Code), Gutshall executed a promissory note in the principal amount of $3,088.20…