SASLOW v. CEPHAS


198 A.D.2d 53 (1993)

603 N.Y.S.2d 460

Seymour G. Saslow, Appellant, v. Derrick D. Cephas, as Chairman of The New York State Banking Board, et al., Respondents

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

November 9, 1993


The IAS Court properly determined that the writ of mandamus sought to direct the Banking Board to regularly convene meetings to prescribe interest rates on mortgage escrow accounts under section 14-b of the Banking Law was unavailable to compel the performance by the Banking Board of that purely discretionary act, since it is well settled that the extraordinary remedy of mandamus will not issue to "`"compel an act in respect to which the officer may exercise judgment or discretion...

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