Appellate Division of the Supreme Court of the State of New York February 23, 2012 (Citibank, N.A. v. Solow)

The court properly relied on the affidavit of plaintiffs executive who was personally involved in enforcing defendant’s obligations. The affidavit was not hearsay, because it was not submitted to show that the value of defendant’s collateral had fallen below the required amount, but, rather, that the method employed in determining the shortfall was reasonable, as required by the governing