Koons Buick, Inc. v. Nigh
Encyclopedia
Koons Buick Pontiac GMC, Inc. v. Nigh, , was a case in which the Supreme Court of the United States
held that Congress's 1995 amendment of the Truth in Lending Act
(TILA) left unaltered the prior minimum and maximum limits of $100 and $1000 prescribed for statutory damages awarded to plaintiff
s in TILA violation suits involving personal-property loans.
Supreme Court of the United States
The Supreme Court of the United States is the highest court in the United States. It has ultimate appellate jurisdiction over all state and federal courts, and original jurisdiction over a small range of cases...
held that Congress's 1995 amendment of the Truth in Lending Act
Truth in Lending Act
The Truth in Lending Act of 1968 is United States federal law designed to promote the informed use of consumer credit, by requiring disclosures about its terms and cost to standardize the manner in which costs associated with borrowing are calculated and disclosed...
(TILA) left unaltered the prior minimum and maximum limits of $100 and $1000 prescribed for statutory damages awarded to plaintiff
Plaintiff
A plaintiff , also known as a claimant or complainant, is the term used in some jurisdictions for the party who initiates a lawsuit before a court...
s in TILA violation suits involving personal-property loans.