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May 4, 2021
Fee Considered In Determining Whether Loan Was Usurious
On April 20, 2021, the First Department issued a decision in Salamone v. EIP Global Fund LLC, 2021 N… Read More
July 26, 2020
Fee Charged to Forebear From Suing on Note Interest for Purposes of Usury Law
On July 13, 2020, Justice Sherwood of the New York County Commercial Division issued a decision in S… Read More
June 28, 2020
Court of Appeals Accepts Certified Questions Relating to Usury
On June 23, 2020, the Court of Appeals accepted two pairs of certified questions--one from the Unite… Read More
December 2, 2019
Court Looks to Substance of Agreement, Not How it is Styled, in Upholding Usury Claim
On November 19, 2019, Justice Nowak of the Erie County Commercial Division issued a decision in McNi… Read More
April 10, 2019
Questions of Fact Preclude Dismissal of Criminal Usury Defense
On March 18, 2019, Justice Masley of the New York County Commercial Division issued a decision in E… Read More
November 2, 2018
Defendants Estopped From Raising Usury Defense
On October 17, 2018, Justice Ash of the Kings County Commercial Division issued a decision in Sasidh… Read More
May 10, 2016
Lender May Charge Reasonable Expenses Attendant to Loan Without Making Loan Usurious
On May 2, 2016, Justice Emerson of the Suffolk County Commercial Division issued a decision in Aquil… Read More
June 7, 2015
Usurious Interest Rate Makes Promissory Note Unenforceable
On May 27, 2015, the Second Department issued a decision in Fred Schutzman Co. v. Park Slope Advance… Read More
April 25, 2015
Heter Iska Enforced as a Note, Not a Partnership Agreement
On April 15, 2015, Justice Demarest of the Kings County Commercial Division issued a decision in Kir… Read More
June 14, 2014
Personal Guaranty Unenforceable Because Loan was Usurious
On June 3, 2014, Justice Demarest of the Kings County Commercial Division issued a decision in Sasid… Read More