Legal Opinion
Rubin v. George
Appellate Division of the Supreme Court of the State of New York
Decided February 4, 2016No. 101786/11 16728 16727PublishedCited by 2 opinions
1Opinion of the Court
Judgment, Supreme Court, New York County (Arthur F. Engoron, J.), entered August 29, 2014, as amended September 16, 2014, after a nonjury trial, which, to the extent appealed from, granted plaintiff a judgment of foreclosure, ordered that the mortgaged premises be sold in one parcel at public auction, and struck defendant’s defenses and counterclaims, including the affirmative defense of usury, unanimously affirmed, without costs.
A loan transaction is usurious under criminal law when it imposes an annual interest rate exceeding 25% (Penal Law § 190.40; see also Blue Wolf Capital Fund II, L.P.…
2Cases cited5 opinions
- Thoreson v. Penthouse International, Ltd.New York Court of Appeals · 1992
- Freitas v. Geddes Savings & Loan Ass'nNew York Court of Appeals · 1984
- Thoreson v. Penthouse International, Ltd.Appellate Division of the Supreme Court of the State of New York · 1992
- Blue Wolf Capital Fund II, L.P. v. American Stevedoring, Inc.Appellate Division of the Supreme Court of the State of New York · 2013
- Garza v. 508 West 112th Street, Inc.Appellate Division of the Supreme Court of the State of New York · 2010
3Cited by2 opinions
- DiLorenzo v. Windermere Owners LLCAppellate Division of the Supreme Court of the State of New York · 2019
- Security Pac. Natl. Bank v. EvansAppellate Division of the Supreme Court of the State of New York · 2019