FORT v. FIRST CITIZENS BANK & TRUST CO.

No. C-77-316-WS.

526 F.Supp. 22 (1981)

Bickett Douglas FORT, Plaintiff, v. FIRST CITIZENS BANK & TRUST COMPANY, and Darrell Wiseman Imports, Inc. d/b/a Wiseman Imports, Defendants.

United States District Court, M. D. North Carolina, Winston-Salem Division.

March 17, 1981.


Attorney(s) appearing for the Case

Herman L. Stephens of Badgett, Callaway, Phillips, Davis, Stephens, Peed & Brown, Winston-Salem, N.C., for plaintiff.

Michael P. Flanagan and Rodney A. Currin of Ward & Smith, Newburn, N.C., for defendant First Citizens Bank & Trust Co.

Thomas W. Moore, Jr., of Hutchins, Tyndall, Doughton & Moore, Winston-Salem, N.C., for defendant Darrell Wiseman Imports.


FINDINGS OF FACT AND CONCLUSIONS OF LAW

HIRAM H. WARD, District Judge.

This is an action to recover for alleged violations of the Truth in Lending Act (the Act), 15 U.S.C. § 1601 et seq., and Regulation Z, 12 C.F.R. § 226.1 et seq., promulgated thereunder. Plaintiff Bickett Douglas Fort claims that defendants violated the Act in three respects on the disclosure statement provided him by (1) failing either to include the cost of credit...

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