Summary
affirming a district court holding that a television rent-to-own transaction did not constitute a credit sale
Summary of this case from Palacios v. ABC TV & Stereo Rental of Milwaukee, Inc.Opinion
No. 78-3180.
June 5, 1980.
Robert Hugh Matthews, Patrick D. Breeden, New Orleans, La., for plaintiff-appellant.
McGlinchey, Stafford, Mintz Hoffman, David S. Willenzik, Leopold Z. Sher, B. Franklin Martin, III, New Orleans, La., for defendant-appellee.
Appeal from the United States District Court for the Eastern District of Louisiana; Edward J. Boyle, Sr., Judge.
Before MORGAN, CHARLES CLARK and TATE, Circuit Judges.
The district court correctly held that the transaction which formed the basis of plaintiff-appellant's claim in this action was not covered by the Consumer Leasing Act of 1976 ( 15 U.S.C. § 1667) and section 226.15 of Regulation Z ( 12 C.F.R. § 226.15), or the Truth-in-Lending Act ( 15 U.S.C. § 1601 et seq.) and section 226.8 of Regulation Z ( 12 C.F.R. § 226.8).
The judgment appealed from is
AFFIRMED.