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Ford Motor Credit Co. v. Cenance, 452 U.S. 155 (1981)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Ford Motor Credit Co. v. Cenance, 452 U.S. 155 (1981)
Ford Motor Credit Co. v. Cenance No. 80-1205 Decided June 1, 1981 452 U.S. 155
ON PETITION FOR WRIT OF CERTIORARI TO THE UNITED STATES
COURT OF APPEALS FOR THE FIFTH CIRCUIT
Syllabus
Held:
1. Under pertinent provisions of the Truth in Lending Act, 15 U.S.C. § 1601 et seq., and an implementing regulation, petitioner company, as the assignee from automobile dealers of retail installment contracts, is a creditor within the meaning of the Act. Although each dealer arranged for the extension of credit to the automobile buyer, petitioner actually extended the credit. The sales were contingent upon petitioner’s approval of the buyer’s credit worthiness, and the dealer’s acceptance of the sales contract and the assignment to petitioner became operational simultaneously, the assignment divesting the dealer of any risk in the transaction.
2. A statement on the retail installment contracts notifying the buyer that the contract was "assigned to [petitioner] in accordance with the terms of the Assignment set forth on the reverse side hereof," is a sufficient disclosure of petitioner’s creditor status for purposes of the Act.
Certiorari granted in part; 621 F.2d 130, affirmed in part and reversed in part.
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Chicago:
U.S. Supreme Court, "Syllabus," Ford Motor Credit Co. v. Cenance, 452 U.S. 155 (1981) in 452 U.S. 155 Original Sources, accessed July 1, 2025, http://www.originalsources.com/Document.aspx?DocID=7HDYVDLNTZUS3UB.
MLA:
U.S. Supreme Court. "Syllabus." Ford Motor Credit Co. v. Cenance, 452 U.S. 155 (1981), in 452 U.S. 155, Original Sources. 1 Jul. 2025. http://www.originalsources.com/Document.aspx?DocID=7HDYVDLNTZUS3UB.
Harvard:
U.S. Supreme Court, 'Syllabus' in Ford Motor Credit Co. v. Cenance, 452 U.S. 155 (1981). cited in 1981, 452 U.S. 155. Original Sources, retrieved 1 July 2025, from http://www.originalsources.com/Document.aspx?DocID=7HDYVDLNTZUS3UB.
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