Darrel R. Hoglan and Dixie Hoglan v. First

Darrel and Dixie Hoglan applied for and received a VISA credit card account from First Security Bank of Idaho, N.A. ("First Security"). The account was for the personal use of the Hoglans. The Hoglans closely held corporation, D.R. Hoglan Construction, Inc., subsequently filed for bankruptcy, and in accordance with bank policy, First Security canceled the Hoglans VISA account. After notifying the Hoglans of the cancellation on April 15, 1983, First Security stopped sending monthly billing statements for this account, sending them instead to a bank office in Boise. The Hoglans did not make payments in April or May of 1983, but made a $100.00 payment in June of 1983.