Henry obtained a loan through ABC Mortgage Group to buy a house in Texas. After the sale, ABC transferred its interest in the loan to XYZ Mortgage Group. Subsequently, XYZ transferred its interest to 123 Mortgage Group. It is common practice in the mortgage industry for loans to be transferred amongst lenders.
Eventually, when Henry failed to make the loan payments, 123 Mortgage Group notifed Henry that it was going to foreclose on the property and sell the house.
Henry filed a lawsuit, claiming that the lenders had improperly assigned the mortgage loan.
Under Texas law, only parties directly involved in an assignment can challenge the validity of an assignment.Does Henry have standing to sue?
a. No, because the requisite standing elements cannot be met.
b. Yes, because the assignment caused Henry harm.
c. Yes, because the court may provide Henry remedy by a favorable judgement.
d. Yes, because Henry was harmed by the assignment.