Shakopee Ford, Inc. v. Wittenberg

OPINION

CRIPPEN, Judge.

Appellant Thomas Wittenberg purchased a car on credit from respondent, Shakopee Ford, Inc., and he defaulted on the loan agreement. Respondent repossessed the car, sold it, and sued appellant to recover a deficiency judgment. Appellant claims the action is defeated by a consumer protection statute. Minn.Stat. § 325G.22, subd. 1 (1980) precludes deficiency judgments aris*58ing out of a consumer credit transaction where:

the aggregate amount of the credit extended in the transaction was $3,000 or less * * *.

The trial court held respondent was entitled to a deficiency judgment.…