Legal Opinion
Bakhash v. Winston
Appellate Division of the Supreme Court of the State of New York
Decided December 8, 2015No. 16339 151999/14PublishedCited by 10 opinions
1Opinion of the Court
Order, Supreme Court, New York County (Eileen A. Rakower, J.), entered September 24, 2014, which, inter alia, granted plaintiffs motion for summary judgment in lieu of complaint, unanimously reversed, on the law, with costs, and the motion denied.
The subject note is usurious as a matter of law and, therefore is void (see e.g. Szerdahelyi v Harris, 67 NY2d 42, 48 [1986]; Freitas v Geddes Sav. & Loan Assn., 63 NY2d 254, 262 [1984]). “The maximum per annum interest rate for a loan ... is 16% under New York’s civil usury statute and 25% under the state’s criminal usury statute (see General…
2Cases cited4 opinions
- Szerdahelyi v. HarrisNew York Court of Appeals · 1986
- Freitas v. Geddes Savings & Loan Ass'nNew York Court of Appeals · 1984
- O'Donovan v. GalinskiAppellate Division of the Supreme Court of the State of New York · 2009
- Pemper v. ReiferAppellate Division of the Supreme Court of the State of New York · 1999
3Cited by10 opinions
- VFS Lending JV II, LLC v. KrasinskiAppellate Division of the Supreme Court of the State of New York · 2021
- Adler v. MarzarioAppellate Division of the Supreme Court of the State of New York · 2021
- 27-21 27th St. Sponsors, LLC v. KantaAppellate Division of the Supreme Court of the State of New York · 2026
- AKF, Inc. v. Haven Transportation Business Solutions, Inc.District Court, N.D. New York · 2024
- AKF, Inc. v. Western Foot & Ankle Center, A Podiatry CorporationDistrict Court, E.D. New York · 2022
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