In In re Venture Mortgage, L.P., 282 F.3d 185 (2d Cir. 2002), the Second Circuit analyzed New York's usury laws in great depth. The Court stated that: It appears from a close reading of the complex and cross-referencing statutes that compose New York's usury law that the voiding provision only operates to void loans that violate the civil usury statute - a statute that by its terms applies only to loans of less than $ 250,000 (with interest in excess of 16%) - and might not operate to void a loan of $ 250,000 or greater even if such loan's annual interest rate exceeds 25% and is therefore criminally usurious. See NY Gen. Oblig. Law 5-501, 5-511 (McKinney 2001); NY Banking Law 14-a (McKinney 2001).