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A11465 Summary:

BILL NO    A11465 


SPONSOR    Rules (Weinstein)

COSPNSR    Lancman


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; 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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