BILL NO S00697A
SAME AS No same as
SPONSOR KLEIN
COSPNSR ADDABBO, 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.
