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CENTRAL TRUST CO., N.A. v. DAN'S MARINA

No. 92-CA-708-S.

858 S.W.2d 211 (1993)

The CENTRAL TRUST COMPANY, N.A., Appellant, v. DAN'S MARINA and Linda Howe, Appellees.

Court of Appeals of Kentucky.

July 16, 1993.

Attorney(s) appearing for the Case

Donald L. Richardson, Marshall K. Dosker, Stuart C. Brinn, Strauss & Troy, Covington, for appellant.

Stephen P. Huddleston, Warsaw, for appellee, Dan's Marina.

Before LESTER, C.J., and GUDGEL and SCHRODER, JJ.

LESTER, Chief Judge.

This is an appeal from a summary judgment determining the priority of liens as between a purchase money security interest and a mechanic's lien.

In May of 1987, Roger and Linda Howe purchased a used 1986 Bayliner boat for $28,765 which they financed through the Central Trust Company and when the finance charges ($28,296.60) were added the loan totaled $57,061.60. The lender perfected its security interest as required by law. The Howes...

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