Robert L. Rust v. Quality Car Corral, Inc. And the Provident Bank

BOYCE F. MARTIN, Jr., Circuit Judge.

This case requires us to construe 15 U.S.C. § 1640(e), the statute of limitations applicable to the Truth in Lending Act, 15 U.S.C. § 1601 et seq. Plaintiff Rust appeals the district court’s dismissal of the action based upon the one-year statute of limitations contained in § 1640(e). We affirm.

On July 1, 1976, plaintiff entered into an installment sale agreement with defendant Quality Car Corral, Inc. Quality Car subsequently assigned its interest in the contract to defendant Provident Bank. On July 1, 1977, Rust filed a complaint in district court. . He…