Lake Shore National Bank v. McCann

Plaintiff, Lake Shore National Bank, obtained a judgment by confession on a note and security agreement against defendant, Ezra L. McCann, in the amount of a deficiency balance after a sale of collateral. On proceedings to confirm the judgment, defendant filed an answer and a counterclaim alleging violations of Article 9 of the Uniform Commercial Code as adopted in Illinois (Ill. Rev. Stat. 1973, ch. 26, par. 9—101 et seq.) and of the Federal Truth in Lending Act (15 U.S.C. par. 1601 et seq. (1970)) and Regulation Z (12 C.F.R. par. 226.1 et seq. (1973)). Pursuant to a motion for summary…