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KRAJCI v. MT. VERNON CONSUMER DISCOUNT CO.

Civ. A. No. 81-167.

16 B.R. 462 (1981)

Leonard J. KRAJCI and Rene M. Krajci v. MT. VERNON CONSUMER DISCOUNT CO.

United States District Court, E.D. Pennsylvania.

May 22, 1981.

Attorney(s) appearing for the Case

Erik Frank, Philadelphia, Pa., for Leonard J. and Rene M. Krajci.

Robert Lapowsky, Philadelphia, Pa., for Mt. Vernon Consumer Discount Co.

MEMORANDUM AND ORDER

FULLAM, District Judge.

In 1978, Leonard and Rene Krajci borrowed $2,304 from the Mt. Vernon Consumer Discount Company, giving as security a mortgage on their jointly held real estate. In June 1979, Mr. and Mrs. Krajci borrowed additional funds from Mt. Vernon; the earlier mortgage was paid off and a new mortgage executed and duly recorded.

In both transactions, Mt. Vernon failed to comply with the requirements of the Truth-in...

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