BILL NO A00629D
SAME AS No same as
SPONSOR Weinstein
COSPNSR Clark, Rivera P, Colton, Lavine, Miller M, Robinson, Lopez V, Weprin,
Rosenthal, Englebright, Castro, Jaffee, Wright
MLTSPNSR Abinanti, Perry, Schimel, Sweeney
Amd S1302, add S1302-a, RPAP L
Provides that only the owner and holder of a mortgage and note, or its agent,
shall have standing to commence a mortgage foreclosure action; lack of standing
shall be defense that may be raised at any time prior to the judgment of
foreclosure and sale; requires the plaintiff in a foreclosure action to affirm
that the plaintiff is the holder and owner, or its designed agent, of the
subject mortgage and note; provides that the summons and complaint shall
include a copy of the original mortgage and note, and all endorsements,
assignments and transfers thereof, and any delegations of authority by the
owner and holder of the mortgage and note.
