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BIZIER v. GLOBE FINANCIAL SERVICES, INC.

No. 80-1684.

654 F.2d 1 (1981)

Philip R. BIZIER, et al., Plaintiffs, Appellants, v. GLOBE FINANCIAL SERVICES, INC., Defendant, Appellee.

United States Court of Appeals, First Circuit.

Decided July 14, 1981.

Attorney(s) appearing for the Case

John Boyajian, Providence, R. I., with whom Boyajian & Coleman, Providence, R. I., was on brief, for plaintiffs, appellants.

John P. Cronin, Boston, Mass., with whom Barron & Stadfeld, Boston, Mass., was on brief, for defendant, appellee.

Before COFFIN, Chief Judge, CAMPBELL and BREYER, Circuit Judges.

COFFIN, Chief Judge.

In this case we hold, contrary to the district court, that the description of a security interest set forth in a particular disclosure statement fails to comply with the applicable disclosure requirement of the Truth in Lending Act, 15 U.S.C. § 1639(a)(8).

Plaintiffs-appellants Philip and Ann Bizier entered into a loan agreement with defendant-appellee Globe Financial Services and secured that loan by a mortgage on their home. Appellee...

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