LI v. ASTORIA FED. SAV. & LOAN ASS'N


81 A.D.2d 857 (1981)

Koibong Li, et al., Appellants-Respondents, v. Astoria Federal Savings and Loan Association, Respondent-Appellant

Appellate Division of the Supreme Court of the State of New York, Second Department.

May 11, 1981


Order affirmed insofar as appealed from, with $50 costs and disbursements to the defendant.

In May, 1969 and December, 1971 plaintiffs assumed two separate mortgages with defendant bank. The mortgage agreements provided that payments were to be made on the first day of the month. The plaintiffs' December, 1978 payments were received on January 2, 1979. The defendant bank, pursuant to the provisions of the parties' contract, imposed late charges in the amount of $35...

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