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WRIGHT v. TOWER LOAN OF MISSISSIPPI, INC.

No. 81-4154 Summary Calendar.

679 F.2d 436 (1982)

Luella WRIGHT and Charlie Wright, Plaintiffs-Appellees-Cross Appellants, Willie Shavers, Plaintiff-Appellee, v. TOWER LOAN OF MISSISSIPPI, INC., d/b/a Tower Loan of Canton, Defendant-Appellant-Cross Appellee.

United States Court of Appeals, Fifth Circuit.

June 28, 1982.

Attorney(s) appearing for the Case

Kenneth G. Stamps, Jackson, Miss., for defendant-appellant cross appellee.

Charles H. Ramberg, Jackson, Miss., for plaintiffs-appellees-cross appellants.

Before RUBIN, SAM D. JOHNSON and GARWOOD, Circuit Judges.

ALVIN B. RUBIN, Circuit Judge:

The purpose of the Truth in Lending Act ("TILA"), 15 U.S.C. §§ 1601-1667e (1976 & Supp. IV 1980),1 is "to assure a meaningful disclosure of credit terms." Id. § 1601(a). This purpose would appear to be best served by a succinct and lucid statement that would at once facilitate both the borrower's understanding and the lender's compliance. However, although TILA has now been in force...

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