Plaintiff commenced the instant action pursuant to the expedited procedure provided in CPLR 3213 to recover upon a September 26, 1984 promissory note executed on behalf of defendant insurance agency. The note secured a loan of $20,245, at 13% interest, payable one year from the date of execution. Plaintiff averred that two payments, totaling $1,708.29, were made. Since defendant neither disputes execution of the note nor default in payment,...
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