Legal Opinion
Ferrigno v. Cromwell Development Associates
Supreme Court of Connecticut
Decided March 24, 1998No. SC 15673PublishedCited by 46 opinions
1Opinion of the Court
Opinion
CALLAHAN, C. J.
The sole issue in this appeal is whether a defendant may assert usury as a defense in a deficiency judgment proceeding subsequent to the strict foreclosure of a bona fide real estate mortgage for a sum in excess of $5000. We conclude that General Statutes § 37-9 (3) exempts the loan from the usury law and that, therefore, usury is not a defense to the claim for a deficiency judgment.
The record reveals the following uncontroverted facts and procedural history. The named defendant, Cromwell Development Associates (Cromwell), is a Connecticut partnership. The individual…
2Cases cited25 opinions
- Conway v. Town of WiltonSupreme Court of Connecticut · 1996
- Turner v. TurnerSupreme Court of Connecticut · 1991
- Zichichi v. Middlesex Memorial HospitalSupreme Court of Connecticut · 1987
- Bridgeport Hospital v. Commission on Human Rights & OpportunitiesSupreme Court of Connecticut · 1995
- Frillici v. Town of WestportSupreme Court of Connecticut · 1994
20 more not listed; retrieve them via the Exa API.
3Cited by46 opinions
- State v. SalamonSupreme Court of Connecticut · 2008
- City of Waterbury v. Town of WashingtonSupreme Court of Connecticut · 2002
- Stuart v. StuartSupreme Court of Connecticut · 2010
- Rivera v. Commissioner of CorrectionSupreme Court of Connecticut · 2000
- Southbridge Associates, LLC v. GarofaloConnecticut Appellate Court · 1999
41 more not listed; retrieve them via the Exa API.