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A02041 Summary:

BILL NO    A02041 

SAME AS    No same as 

SPONSOR    Weinstein (MS)

COSPNSR    Abinanti, Braunstein, Bronson, Colton, Dinowitz, Galef, Jaffee,
           Markey, Miller, Scarborough, Weprin, Wright, Zebrowski, Clark, Hooper

MLTSPNSR   Brennan, Glick, Gottfried, Heastie, Lentol, Schimel

Amd RR3212 & 3408, S3215, CPLR; amd S1302, add S1302-a, RPAP L

Establishes certain proof and settlement requirements for plaintiffs seeking
summary judgment or a default judgment in a residential foreclosure proceeding;
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; requires the plaintiff in a
foreclosure action to affirm that it is the holder and owner, or its delegated
agent, of the subject mortgage and note; 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.
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