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DAVIS v. UNITED COMPANIES MORTG. & INV. OF GRETNA, INC.

No. 75-1486.

551 F.2d 971 (1977)

Mr. and Mrs. Archie DAVIS, Plaintiffs-Appellees Cross Appellants, v. UNITED COMPANIES MORTGAGE AND INVESTMENT OF GRETNA, INC., Defendant-Appellant Cross Appellee.

United States Court of Appeals, Fifth Circuit.

Rehearing and Rehearing Denied June 7, 1977.

Attorney(s) appearing for the Case

Ralph Dwyer, Jr., New Orleans, La., for defendant-appellant cross appellee.

Michael Osborne, Patrick A. Rankin, New Orleans, La., for plaintiffs-appellees cross appellants.

Before JONES, WISDOM and GODBOLD, Circuit Judges.

Rehearing and Rehearing En Banc Denied June 7, 1977.

GODBOLD, Circuit Judge:

The defendant made a consumer loan to plaintiffs for the purpose of financing repairs and renovations to plaintiffs' home, secured by a first mortgage on the home.

The lender's copy of the disclosure statement disclosed a $7.35 per month charge for fire insurance in space marked "Escrow for: Fire Insurance." The borrowers' copy did...

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