Freitas v. Geddes Savings & Loan Ass'n

63 N.Y.2d 254 (1984)

Daniel E. Freitas et al., Appellants,

v.

Geddes Savings and Loan Association, Respondent.

Court of Appeals of the State of New York.

Argued September 6, 1984.

Decided October 25, 1984.

Michael W. Harris for appellants.

Daniel F. Mathews, Jr., for respondent.

Chief Judge COOKE and Judge MEYER concur with Judge JASEN; Judge KAYE concurs in result only; Judge SIMONS dissents and votes to reverse in a separate opinion in which Judge JONES concurs; Judge WACHTLER taking no part.

JASEN, J.

On this appeal, we are asked to decide whether a bank lender is civilly liable for usury, in the…