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TINSMAN v. MOLINE BENEFICIAL FINANCE CO.

No. 75-1764.

531 F.2d 815 (1976)

Steve TINSMAN and Nancy Tinsman, Plaintiffs-Appellees, v. MOLINE BENEFICIAL FINANCE COMPANY, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided February 27, 1976.

As Amended March 23, 1976.

Attorney(s) appearing for the Case

William H. Dailey, Moline, Ill., for defendant-appellant.

Tom M. Lytton, East Moline, Ill., for plaintiffs-appellees.

Before TONE and BAUER, Circuit Judges, and HOFFMAN, Senior District Judge.

TONE, Circuit Judge.

The question we decide on this appeal is whether the description of the security interest in a consumer loan agreement complies with the Truth-in-Lending Act, 15 U.S.C. § 1601 et seq., and Regulation Z, 12 C.F.R. § 226 et seq., promulgated under that statute. The District Court held that it did not, and we affirm.

To obtain funds for the purchase of furniture, plaintiffs entered into a written loan agreement with...

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