Appellate Division of the Supreme Court of New York, 1978

Stein v. Nellen Development Corp.

Stein v. Nellen Development Corp.
Appellate Division of the Supreme Court of New York · Decided November 20, 1978
65 A.D.2d 789; 410 N.Y.S.2d 321; 1978 N.Y. App. Div. LEXIS 13652
Stein v. Nellen Development Corp.

Opinion of the Court

In an action to foreclose a mortgage, the appeal, as limited by appellants’ notice of appeal and brief, is from so much of an order of the Supreme Court, Suffolk County, entered December 29, 1977, as denied the branch of their cross motion which sought to dismiss the complaint as against them on the ground of usury. Order affirmed insofar as appealed from, with $50 costs and disbursements. Assuming, arguendo, that the agreement to extend the purchase-money mortgage was usurious, it would not invalidate the original obligation under the mortgage (see Gross v Lichtman, 55 AD2d 670; Marks, Maloney & Paperno, Mortgages and Mortgage Foreclosure in New York, § 251, p 353). Latham, J. P., Suozzi, Gulotta, Shapiro and Cohalan, JJ., concur.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.