New York Senate Bill 697 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 8-4)
Status: Introduced on January 5 2011 - 25% progression, died in committee
Action: 2012-01-04 - REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
Pending: Senate Housing, Construction, and Community Development Committee
Text: Latest bill text (Amended) [HTML]

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.

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.

Sen. Jeffrey Klein [D]	Sen. Joseph Addabbo [D]	Sen. Charles Fuschillo [R]	Sen. Martin Golden [R]
Sen. Mark Grisanti [R]	Sen. Ruth Hassell-Thompson [D]	Sen. Liz Krueger [D]	Sen. George Maziarz [R]
Sen. Velmanette Montgomery [D]	Sen. Suzi Oppenheimer [D]	Sen. Kevin Parker [D]	Sen. Jose Serrano [D]

Date	Chamber	Action
2012-01-04	Senate	REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
2011-05-25	Senate	PRINT NUMBER 697A
2011-05-25	Senate	AMEND AND RECOMMIT TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
2011-01-05	Senate	REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

A00629 (Same As) 2012-03-30 - amended on third reading 629d

Type	Source
Summary	https://assembly.state.ny.us/leg/?default_fld=&bn=S00697&term=2011&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=S00697&term=2011&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00697
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=S00697&term=2011&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00697A