Lowery v. Finance America Corp.

ARNOLD, Judge.

Plaintiffs assign error to the court’s holding that “the June 8, 1973, transaction is a subsequent advance under a prior agreement to extend credit and is not subject to” the disclosure requirements of the Act. They contend that the December 1972 and June 1973 loans were separate transactions, and that both were subject to the disclosure requirements of the Act and Regulation Z. Plaintiffs’ position is that the court erred in refusing to award them the statutory penalty and reasonable attorney’s fee. According to plaintiffs, the disclosures were insufficient in each transaction…