Bill Title: 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.

Spectrum: Partisan Bill (Democrat 10-0)

Status: (Introduced - Dead) 2014-10-22 - enacting clause stricken [A01000 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Assemblymember Helene Weinstein [D]	Primary	Sponsored Bills	HD-041	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Barbara Clark [D]	Cosponsor	Sponsored Bills	HD-033	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember William Colton [D]	Cosponsor	Sponsored Bills	HD-047	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember David Weprin [D]	Cosponsor	Sponsored Bills	HD-024	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Ellen Jaffee [D]	Cosponsor	Sponsored Bills	HD-097	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Keith Wright [D]	Cosponsor	Sponsored Bills	HD-070	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Thomas Abinanti [D]	Primary	Sponsored Bills	HD-092	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Nick Perry [D]	Primary	Sponsored Bills	HD-058	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Michelle Schimel [D]	Primary	Sponsored Bills	HD-016	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Robert Sweeney [D]	Primary	Sponsored Bills	HD-011	FollowTheMoney	Ballotpedia	VoteSmart

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