W. Walley, Inc. v. Saks & Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• criminal usury law was created to increase assault against lenders who use “roughing up tactics” while civil usury law was created to curb loan-shark racket as a complement to criminal law
• “[U]ntil the Legislature otherwise provides, a valid es-toppel certificate executed by a mortgagor and relied upon in good faith by the as-signee of the mortgage will preclude the assertion of usury, whether civil or criminal, as a complete defense.”
• executing estoppel certificate representing that mortgage is valid and existing

Source: CourtListener parenthetical corpus (CC0).