Sanders v. Auto Associates, Inc.

ORDER

CHAPMAN, District Judge.

This suit was brought pursuant to the Truth in Lending Act, 15 U.S.C. §§ 1601 et seq., to recover the penalty established by § 1640. On August 19, 1976, plaintiff purchased a used car from defendant Auto Associates, Inc., and financed part of the purchase price. Iri connection with this loan, this defendant completed a loan form entitled “Installment Contract and Security Agreement” in which the terms of the loan and the security agreement were set forth. This contract was purchased from Auto Associates by defendant TranSouth Financial Corporation which has been…