Blalock v. Aetna Finance Co.

ORDER

SHOOB, District Judge.

This matter is before the Court on the recommendation of the Magistrate that defendant’s motion for summary judgment be granted and that plaintiff’s motion for summary judgment be denied. Plaintiff has alleged that the document which defendant furnished him in connection with a closed-end consumer loan violated truth in lending law in three respects.

Two of plaintiff’s contentions concern the disclosure of the prepaid finance charge, made in the following manner:

PREPAID FINANCE CHARGE

4% FEE (A) 8% FEE (B)

$10.76 $48.00

First, plaintiff argues that failure to total the…