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SHAUMYAN v. SIDETEX CO., INC.

No. 405, Docket 89-7670.

900 F.2d 16 (1990)

Sebastian SHAUMYAN and Maria Shaumyan, Plaintiffs-Appellants, v. SIDETEX CO., INC., Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided April 3, 1990.

Attorney(s) appearing for the Case

Joanne S. Faulkner, New Haven, Conn., for plaintiffs-appellants.

Steven R. Rolnick and Robert S. Reger, Hamden, Conn. (Rolnick & Reger, Hamden, Conn., of counsel), for defendant-appellee.

Before KEARSE, ALTIMARI, and MAHONEY, Circuit Judges.

ALTIMARI, Circuit Judge:

The central question presented by this appeal is whether a home improvement contract that provides for progress payments by the homeowners is a "credit transaction" under the Equal Credit Opportunity Act, 15 U.S.C. § 1691 et seq. (1988) ("ECOA"). Plaintiffs-appellants Sebastian and Maria Shaumyan appeal from a summary judgment dismissing their complaint, entered in the United States District...

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