NY A01000 | 2013-2014 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 10-0)
Status: Introduced on January 9 2013 - 25% progression, died in chamber
Action: 2014-10-22 - enacting clause stricken
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 9 2013 - 25% progression, died in chamber
Action: 2014-10-22 - enacting clause stricken
Text: Latest bill text (Introduced) [HTML]
Summary
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.
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.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2014-10-22 | Assembly | enacting clause stricken |
| 2014-01-08 | Assembly | referred to judiciary |
| 2013-01-09 | Assembly | referred to judiciary |
