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DRAPER v. AMERICAN FUNDING LTD.

Docket No. B033836.

234 Cal.App.3d 345 (1991)

285 Cal. Rptr. 640

THOMAS N. DRAPER, Plaintiff and Appellant, v. AMERICAN FUNDING LIMITED, Defendant and Appellant.

Court of Appeals of California, Second District, Division Five.

September 24, 1991.

Attorney(s) appearing for the Case

COUNSEL

Mitchell, Silberberg & Knupp, Richard R. Mainland, Thomas P. Lambert and John L. Amsden for Plaintiff and Appellant.

Chase, Rotchford, Drukker & Bogust, David Clark, Ladell Hulet Muhlestein, Joan E. Hewitt and John G. Nuanes for Defendant and Appellant.

OPINION

ASHBY, Acting P.J.

Plaintiff Thomas N. Draper (Draper) borrowed money from defendant American Funding Limited, individually and doing business as Southern California Funding Limited (American Funding). After making payments for approximately three years, Draper wished to pay off the loan. When American Funding informed Draper it would cost Draper more than the amount borrowed to pay off the indebtedness, Draper brought a declaratory...

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