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RAPID CITY TEACHERS CR. UN. v. VanTASSEL

No. 16889.

464 N.W.2d 206 (1990)

RAPID CITY TEACHERS FEDERAL CREDIT UNION, Plaintiff and Appellee, v. Jan S. VanTASSEL and Ruby C. VanTassel, Defendants and Appellants.

Supreme Court of South Dakota.

Decided December 12, 1990.

Attorney(s) appearing for the Case

Charles J. Mickel, Rapid City, for plaintiff and appellee.

William L. Severns, Deadwood, for defendants and appellants.

PROCEDURAL HISTORY/ISSUES

HENDERSON, Justice.

On May 26, 1988, Rapid City Teachers Federal Credit Union (Credit Union) commenced an action seeking a deficiency judgment against Jan and Ruby VanTassel after they defaulted on loans provided by the Credit Union. The Credit Union had repossessed and sold two motor vehicles which the VanTassels had given as security on the loans with the Credit Union. However, the amount received after the sale was not sufficient...

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