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HOLMES v. OLSON

No. B-8011.

587 S.W.2d 678 (1979)

Canarlice HOLMES, Petitioner, v. O. C. OLSON, d/b/a Southern Investment Company, Respondent.

Supreme Court of Texas.

October 3, 1979.

Attorney(s) appearing for the Case

Legal Aid Society of Central Texas, Stephen Gardner, Austin, for petitioner.

Law Offices of Travis R. Phillips, Robert F. Neal, Austin, for respondent.

PER CURIAM.

The present suit arises from a consumer credit transaction. Canarlice Holmes filed suit seeking to recover statutory penalties from O. C. Olson, d/b/a Southern Investment Company alleging a failure to make disclosures required by federal "Truth-in-Lending" legislation. The trial court agreed with Holmes holding that the security agreement did not adequately describe the security interest held by the creditor...

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