Dowsey v. Megerian

—In a declaratory judgment action pursuant to RPAPL article 15, defendant appeals from a judgment of the Supreme Court, Nassau County (Pantano, J.), entered September 18, 1984, which, inter alia, declared a certain deed to, and lease of, real property to be void as made as part of a usurious loan in violation of General Obligations Law §§ 5-501 and 5-511.

Judgment reversed, on the law, with costs, and it is declared that the deed and lease in question are valid.

The instant appeal involves an action brought by the plaintiffs in March 1984, for a declaration that a certain deed conveying real…