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HILL v. BANK OF NORTHEAST ARKANSAS

No. 78-89.

572 S.W.2d 150 (1978)

Bill HILL, d/b/a Bill Hill's Auto, Appellant, v. BANK OF NORTHEAST ARKANSAS, a Banking Corporation, Appellee.

Supreme Court of Arkansas, In Banc.

October 23, 1978.

Attorney(s) appearing for the Case

Kelly W. Webb, Trumann, for appellant.

Parker & Henry by Michael R. Walden, Jonesboro, for appellee.

FOGLEMAN, Justice.

This case involves the question whether a lender may perfect a lien on a motor vehicle under the provisions of Ark.Stat.Ann. § 75-161(b) (Supp.1977). The trial court held that it could and we agree.

On July 26,1977, Ronnie Hogan borrowed $3,167.36 from the Bank of Northeast Arkansas. The loan was evidenced by a promissory note providing for repayment in 30 monthly payments of $119.76. It was secured by a security agreement describing...

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