1. (a) At the time a complaint is filed, the plaintiff shall send each holder that is not named as a party in the action a copy of the complaint with exhibits and a statement that:

   1. (1) The holder is not a party in the proceeding and any judgment in the proceeding will not affect any claim of the holder; and
   2. (2) If the holder elects to appear in the proceeding, the holder will appear as a defendant and be bound by any judgment entered in the proceeding.

2. (b) The complaint and statement shall be sent by certified mail, return receipt requested, and by first-class mail to the holder:

   1. (1) At the address set forth in the security instrument for the holder's receipt of notices; or
   2. (2) If no address for the holder's receipt of notices is set forth in the security instrument, at the last known address of the holder.

Added by Acts 2016, c. 395, § 1, eff. Oct. 1, 2016; Acts 2016, c. 396, § 1, eff. Oct. 1, 2016.