PUB. LOAN CO. v. HYDE


47 N.Y.2d 182 (1979)

Public Loan Company, Inc., Appellant-Respondent, v. Herbert K. Hyde et al., Respondents-Appellants.

Court of Appeals of the State of New York.

Decided May 31, 1979.


Attorney(s) appearing for the Case

John H. Hartman for appellant-respondent.

Rene H. Reixach and David E. Ralph for respondents-appellants.

Chief Judge COOKE and Judges JASEN, JONES, WACHTLER and FUCHSBERG concur with Judge GABRIELLI.


GABRIELLI, J.

In a case of first impression we are called upon to determine the effect of an alleged violation of the Truth in Lending Act (US Code, tit 15, § 1601 et seq.) upon a loan made by Public Loan Company, Inc., to defendants. Plaintiff is a loan company licensed under article 9 of the Banking Law (§ 340 et seq.). On November 6, 1972 defendants executed a promissory note wherein...

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