IN RE PERRY

Bankruptcy No. 85-03215G, Adv. No. 86-0012G.

59 B.R. 947 (1986)

In re Arthur C. PERRY, Debtor. Arthur C. PERRY, Plaintiff, v. FEDERAL NATIONAL MORTGAGE ASSOCIATION, Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

April 30, 1986.


Attorney(s) appearing for the Case

Karen J. Vaughn, Community Legal Services, Inc., Philadelphia, Pa., for debtor/plaintiff, Arthur C. Perry.

Joseph Goldbeck, Gary E. McCafferty, Philadelphia, Pa., for defendant, Federal Nat. Mortg. Ass'n.

James J. O'Connell, Philadelphia, Pa., Standing Chapter 13 Trustee.


OPINION

EMIL F. GOLDHABER, Chief Judge:

The principal issue presented in the case at bench is whether a secured creditor has violated the Truth-In-Lending Act ("the TILA"), 15 U.S.C. § 1601 et seq., by failing to comply with the requisite disclosure provisions. Since we find that the creditor failed to accurately disclose the security interest taken to secure the loan, we conclude that the TILA was violated.

The facts of this case are as follows...

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