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BARASH v. GALE EMP. CREDIT UNION

No. 80-2655.

659 F.2d 765 (1981)

Barry M. BARASH, Chapter 7, Trustee for Raymond M. Pine, Jr., et al., Plaintiff, v. GALE EMPLOYEES CREDIT UNION, a corporation, Defendant.

United States Court of Appeals, Seventh Circuit.

Decided September 11, 1981.

Attorney(s) appearing for the Case

Barry M. Barash, Galesburg, Ill., for plaintiff.

Harry C. Bulkeley, Lucas, Brown & McDonald, Galesburg, Ill., for defendant.

Before SPRECHER, Circuit Judge, MARKEY, Chief Judge of the U.S. Court of Customs and Patent Appeals, and CUDAHY, Circuit Judge.

MARKEY, Chief Judge.

Appeal from a judgment of the district court for the Central District of Illinois denying a guarantor recovery under the Truth In Lending Act (Act) for inadequate disclosure made to a principal borrower. We reverse.

Background

Raymond Pine sought to borrow from Gale Employees Credit Union (Union) of which he was a member. His wife Darlene was not a member, because she was employed elsewhere. Among the papers evidencing the loan...

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