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JENKINS v. EASTOVER BANK FOR SAV.

No. 89-CA-1026.

606 So.2d 105 (1992)

Charles T. JENKINS v. EASTOVER BANK FOR SAVINGS.

Supreme Court of Mississippi.

August 5, 1992.

Attorney(s) appearing for the Case

Brent M. Bickham, Pascagoula, for appellant.

John M. Kinard, McGehee Mestayer Kinard & Smith, Pascagoula, for appellee.

Before DAN M. LEE, P.J., and SULLIVAN and BANKS, JJ.

BANKS, Justice, for the court:

This case requires that we construe a provision in the Truth-in-Lending Act1 exempting loans made for "initial construction" from the notice requirement of three-day right to rescind. We conclude that the circuit court properly construed the statute, but that, as to one of the two loans in question, it erroneously applied the statute so construed. Accordingly, we affirm in part and reverse in part the summary...

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