Robert J. Pellegrino v. The Marathon Bank, a Florida Banking Corporation
Court of Appeals for the Fifth Circuit
1Per curiam
I
On three separate occasions in 1976 and 1977, plaintiff Robert J. Pellegrino borrowed money from defendant Marathon Bank (Bank) to finance construction of a home in Florida. Each loan was secured by a mortgage on the home. In July 1977, Bank instituted foreclosure proceedings in state court and obtained a judgment against Pellegrino for $70,880.60. In post-trial motions, Pellegrino alleged for the first time that Bank had, in extending the three loans, violated disclosure provisions of the Truth in Lending Act, 15 U.S.C. §§ 1601-1681t (1976 & U.S.C.A.Cum.Supp. 1980) (TIL). From the denial of…
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