Taylor v. Trans Acceptance Corp.

Willie F. Taylor and Dwayne M. Taylor (plaintiffs) appeal a motion to dismiss their complaint against the Trans Acceptance Corporation and John Does 1 through 20 (defendants) alleging violations of the Illinois Consumer Fraud and Deceptive Business Practices Act (815 ILCS 505/1 et seq. (West 1992)) (CFA) and the Illinois Sales Finance Agency Act (205 ILCS 660/1 et seq. (West 1992)) (SFAA). The complaint alleged that an automobile retail installment contract, cosigned by plaintiffs as buyers and assigned to defendants, was a violation of section 18 of the Motor Vehicle Retail Installment Sales…