United States Seventh Circuit

Federal law governs the adequacy of disclosure of security interests under the Truth In Lending Act ("TILA"), and a lender's reasonable, bona fide attempt to describe the security interest it intends to take in consumer chattels does not violate TILA but conforms with its purpose.

Appellate Information

• Decided 04/13/2001
• Published 04/13/2001

Judges

• RIPPLE, Circuit Judge., Before CUDAHY, COFFEY and RIPPLE, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Daniel A. Edelman (argued), Edelman, Combs & Latturner, Chicago, IL, for Frank J. Szumny., Craig A. Varga (argued), Varga, Berger, Ledsky, Hayes & Casey, Chicago, IL, for American General Finance, Inc., Bonita L. Stone, Katten, Muchin & Zavis, Chicago, IL, for American Security Insurance Co.