Gray v. Itt Thorp Corp.

The appeal involved in the present proceeding is from orders of the Circuit Court of Knox County in an action in which the plaintiffs had complained that defendant Thorp Corporation had violated provisions of the Federal and State Truth-in-Lending Acts, and the Illinois Consumer Fraud Act. 15 U.S.C. §1601 et seq.; 12 C.F.R. 226.1 et seq.; Ill. Rev. Stat. 1977, ch. 74, par. 51 et seq.; Ill. Rev. Stat. 1977, ch. 121)2, par. 261 et seq.

Jerry and Christine Gray had made three loans on three different occasions from defendant ITT Thorp Corporation, formerly Thorp Credit, Inc., of Illinois. On July…