Ordered that the order is affirmed, with costs.
The Supreme Court properly concluded that, as a matter of law, the subject loan qualifies as a "federally related mortgage loan", such that State usury laws do not apply (see, 12 USC §§ 1735f-7a, 1735f-5 [b]; Banking Law § 14-a [7]). Because the appellants do not dispute allegations that they defaulted on the loan, the plaintiff is entitled to foreclose on the mortgage.
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