Dawson v. Advance Mortgage Corp.

*762OPINION

Appellants brought this suit against the holder of a retail installment contract, seeking to recover one of the statutory penalties for violation contained in T.C.A. § 47-11-107(b) and (c). Appellee had purchased the contract from the retail seller at some time after the instrument was executed on September 5, 1975. The contract provided for 120 monthly installments commencing October 5, 1975.

Pursuant to the provisions of T.C.A. § 47-11-107(d), appellants gave written notice to appellee of an alleged violation of the time-price differential provisions of T.C.A. § 47-11-103(d), this…