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LOWERY v. FINANCE AMERICA CORP.

No. 7621DC584.

231 S.E.2d 904 (1977)

32 N.C. App. 174

Arnold R. LOWERY, and Sonja Lowery v. FINANCE AMERICA CORPORATION, formerly GAC Finance Incorporated of North Carolina.

Court of Appeals of North Carolina.

January 19, 1977.

Attorney(s) appearing for the Case

Herman L. Stephens, Winston-Salem, for plaintiff-appellants.

Henry C. Frenck, Winston-Salem, for defendant-appellee.

ARNOLD, Judge.

Plaintiffs assign error to the court's holding that "the June 8, 1973, transaction is a subsequent advance under a prior agreement to extend credit and is not subject to" the disclosure requirements of the Act. They contend that the December 1972 and June 1973 loans were separate transactions, and that both were subject to the disclosure requirements of the Act and Regulation Z. Plaintiffs' position is that...

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