Court of Appeals for the Fifth Circuit July 9, 1980, Nos. 77-2200, 77-3508, 78-2369, 78-2914, 79-1139, 79-1584, 79-2227, 79-2340, 79-2449 and 79-2672 (Cenance v. Bohn Ford, Inc.)

KRAVITCH, Circuit Judge.

The common issues binding these consolidated cases are whether a finance company, Ford Motor Credit Co. [Ford], which routinely finances the sale of automobiles by dealers in exchange for assignment of the original note from the purchaser (1) is a creditor within the meaning of the Truth-in-Lending Act, and (2) whether designation of Ford as “subsequent assignee”