Legal Opinion
Citibank (SD) N.A. v. Hansen
Nassau County District Court
Decided April 23, 2010PublishedCited by 1 opinion
1Opinion of the Court
*196OPINION OF THE COURT
Michael A. Ciaffa, J.
Decision after Inquest
This otherwise routine inquest in a credit line debt case presents an important issue for creditors and prospective judgment debtors. What proof does a national bank need to submit in order to justify an award that includes interest charges far in excess of New York’s usury limits? The creditor in this case, a well-known national bank, seeks a judgment against defendant for unpaid balances that increased, monthly, upon the assessment of interest charges which accrued at an annual rate of up to 29.990%. Additionally, monthly “late…
2Cases cited7 opinions
- Watters v. Wachovia Bank, N. A.Supreme Court of the United States · 2007
- Smiley v. Citibank (South Dakota), N. A.Supreme Court of the United States · 1996
- Marquette National Bank of Minneapolis v. First of Omaha Service Corp.Supreme Court of the United States · 1978
- SPGGC, LLC v. BlumenthalCourt of Appeals for the Second Circuit · 2007
- MorEquity, Inc. v. NaeemDistrict Court, N.D. Illinois · 2000
2 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Chase Bank, USA v. FisherNassau County District Court · 2010