Smith v. First National Bank of Southern Maryland

MYERS, Associate Judge.

On May 4, 1962, appellant Smith, a resident of Maryland, bought a 1959 Oldsmobile from Greenway Motors, a Maryland used car dealer. At the same time he executed and delivered to appellee bank, a Maryland institution, a chattel mortgage with attached note for $1,006.02, payable to the bank as mortgagee in successive monthly installments of $55.89. Appellant paid a number of monthly installments, but by May 1963 he was six months in arrears. The bank thereupon repossessed the car and on May 28, 1963, notified Smith by registered mail of his right under the Maryland Retail…