FIRST GUAR. BANK v. ALFORD

No. CA 84 0410.

470 So.2d 473 (1985)

FIRST GUARANTY BANK v. Edna ALFORD.

Court of Appeal of Louisiana, First Circuit.

May 29, 1985.


Attorney(s) appearing for the Case

Michael R. Tregle, Hammond, for plaintiff-appellee.

Brian D. Lenard, Hammond, for defendant-appellant.

Before COLE, CARTER and LANIER, JJ.


COLE, Judge.

The question presented on appeal is whether the disclosure statement provided by a lending institution during a consumer loan transaction violated the federal Truth in Lending Act. Specifically, it must be determined whether the right of the lending institution to charge the promissory note, after maturity, to the checking account maintained with it by the consumer, created a "security interest" within the purview of the Truth in Lending Act.

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