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MASON v. GENERAL FINANCE CORP. OF VIRGINIA

Nos. 75-2263, 75-2264.

542 F.2d 1226 (1976)

Gloria MASON and Leroy Mason, Appellees, v. GENERAL FINANCE CORPORATION OF VIRGINIA, a Delaware Corporation, Appellant. Gloria MASON and Leroy Mason, Appellants, v. GENERAL FINANCE CORPORATION OF VIRGINIA, a Delaware Corporation, Appellee.

United States Court of Appeals, Fourth Circuit.

Decided October 13, 1976.

Attorney(s) appearing for the Case

Marvin F. Cole, Richmond, Va. (James G. Council, Cole Wells, Morano, Axselle & Johnson, Richmond, Va., on brief), for appellant in No. 75-2263 and for appellee in No. 75-2264.

Louis A. Sherman, Richmond, Va. (John M. Levy, Neighborhood Legal Aid Society, Inc., Richmond, Va., on brief), for appellees in No. 75-2263 and for appellants in No. 75-2264.

Before CRAVEN and RUSSELL, Circuit Judges, and MARKEY, Chief Judge, United States Court of Customs and Patent Appeals.

CRAVEN, Circuit Judge:

This is a Truth in Lending case brought by Gloria and Leroy Mason, husband and wife, against General Finance Corporation of Virginia in connection with two consumer loan transactions entered into in July and December 1973. The major question presented is whether General Finance violated the requirements of the Act1 and Regulation Z2 by displaying the "Contract Rate" as defined by the...

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