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TCT FED. CREDIT UNION v. NEW COUNTRY DODGE, INC.

235 A.D.2d 1016 (1997)

652 N.Y.S.2d 900

TCT Federal Credit Union, Respondent, v. New Country Dodge, Inc., Appellant

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

January 30, 1997

Cardona, P. J.

In June 1992, plaintiff, a credit union, agreed to loan $17,510 to Cheryl McElhiney and Stephen McElhiney so they could purchase a 1992 Dodge Dakota automobile from defendant, a car dealership. In exchange for this loan, the McElhineys agreed to give plaintiff a security interest in the vehicle. Defendant was provided with a check for payment of the vehicle, which included an additional $5,...

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