New York`s usury law provides a statutory protection to individuals and corporations from being charged excessive rates of interest on debt instruments such as loans, notes and personal guarantees. This column discusses two recent decisions of the Supreme Court of Nassau County which substantively analyze New York`s usury law and address other interesting issues under the relevant statutes.
February 28, 2002 at 12:00 AM
1 minute read
New York’s usury law provides a statutory protection to individuals and corporations from being charged excessive rates of interest on debt instruments such as loans, notes and personal guarantees. This column discusses two recent decisions of the Supreme Court of Nassau County which substantively analyze New York’s usury law and address other interesting issues under the relevant statutes.
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