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S00697 Summary:

BILL NOS00697A
 
SAME ASNo same as
 
SPONSORKLEIN
 
COSPNSRADDABBO, FUSCHILLO, GOLDEN, GRISANTI, HASSELL-THOMPSON, KRUEGER, MAZIARZ, MONTGOMERY, OPPENHEIMER, PARKER, SERRANO
 
MLTSPNSR
 
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; requires the plaintiff in a foreclosure action to affirm that it 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.
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