MURDOCK, Justice.

Before us are two petitions for a writ of mandamus seeking review of orders denying motions to dismiss the actions based on the alleged lack of standing by the plaintiffs and, in turn, the alleged lack of subject-matter jurisdiction of the trial courts and seeking an order requiring the trial courts to grant the motions to dismiss. We have consolidated the petitions for the purpose of issuing one opinion, because the issues raised in the two petitions are identical.

In case no. 1111567, U.S. Bank National Association ("U.S. Bank"), the defendant below, petitions this Court for a writ of mandamus requiring the Walker Circuit Court to dismiss an action filed by Walker County ("the County") on behalf of a putative class of all Alabama counties similarly situated to Walker County in relation to U.S. Bank and seeking declaratory, injunctive, and monetary relief. In case no. 1111370, MERSCORP, Inc. ("MERSCORP"), and Mortgage Electronic Registration Systems, Inc. ("MERS") (hereinafter, referred to collectively as "the MERS defendants"), petition this Court for a writ of mandamus requiring the Barbour Circuit Court to dismiss an action filed by Barbour Probate Judge Nancy O. Robertson, in her official capacity, on behalf of a putative class of all probate judges in Alabama, also seeking declaratory, injunctive, and monetary relief. We deny the petitions.

I. Facts and Procedural History

The general factual background required to understand the nature of the actions brought by the County and by Judge Robertson is the same. At issue is a particular aspect of the mortgage-securitization process. The process begins when a borrower secures a note to pay a lender by executing a mortgage on the real property the borrower, or mortgagor, purchases with the loan from the lender, or mortgagee. The mortgage is recorded in the probate office of the county in which the property is located. See §§ 35-4-50, 35-4-51, 35-4-62, 35-4-90, Ala.Code 1975 ("the recording statutes").1 Loans between borrowers and lenders compose the primary mortgage market.

The note associated with the mortgage is a negotiable instrument, however, under Article 3 of the Uniform Commercial Code, and as such it can be bought and sold. When loans between borrowers and lenders are pooled and sold on the secondary mortgage market, investors benefit by receiving a low-risk investment and borrowers benefit by receiving loans at lower interest rates. Such is the process of securitization.

Derrick M. Land, Residential Mortgage Securitization and Consumer Welfare, 61 Consumer Fin. L.Q. Rep. 208, 209 (2007) (footnotes omitted).

The rights and obligations of the parties in the above-described securitization process typically are set forth in a pooling and servicing agreement ("PSA"). The PSA also explains the role of the trustee that holds the residential mortgage-backed securities ("RMBS"). U.S. Bank is a trustee for certain RMBS trusts that hold, among others, loans on the secondary mortgage market secured by mortgages on real property in the County.

Although the development of the secondary mortgage market benefited both investors and mortgagors, the "recording process became cumbersome to the mortgage industry, particularly as the trading of loans increased." Cervantes v. Countrywide Home Loans, Inc., 656 F.3d 1034, 1039 (9th Cir.2011). This is where MERSCORP and MERS entered the process. MERS was created to streamline the mortgage process through the use of electronic documentation. "MERS is a private electronic database, operated by MERSCORP, Inc., that tracks the transfer of the `beneficial interest' in home loans, as well as any changes in loan servicers." Cervantes, 656 F.3d at 1038. "Officially launched in 1997, [MERS] is a corporation owned by its members who are typically also users of the MERS system. It is funded by membership and transaction fees that members pay for use of the system." Robert E. Dordan, Mortgage Electronic Registration Systems (MERS), Its Recent Legal Battles, and the Chance for A Peaceful Existence, 12 Loy. J. Pub. Int. L. 177, 181 (2010). "MERS does not solicit, fund, service, or actually own any mortgage loans." Christopher L. Peterson, Foreclosure, Subprime Mortgage Lending, and the Mortgage Electronic Registration System, 78 U. Cin. L.Rev. 1359, 1361 (2010). Instead, when a mortgage is executed, the borrower and the lender designate MERS as mortgagee "acting solely as nominee for the Lender and Lender's successors and assigns." "The loan is then assigned to a seller for repackaging through securitization for investors. Instead of recording the assignment to the seller or the trust that will ultimately own the loan, however, the originator pays MERS a fee to record an assignment to MERS in the county records." Peterson, 78 U. Cin. L.Rev. at 1370.2 "The benefit of naming MERS as the nominal mortgagee of record is that when the member transfers an interest in a mortgage loan to another MERS member, MERS privately tracks the assignment within its system but remains the mortgagee of record." Jackson v. Mortgage Elec. Registration Sys., Inc., 770 N.W.2d 487, 490 (Minn.2009). Thus, "[t]he MERS system is designed to allow its members, which include originators, lenders, servicers, and investors, to assign home mortgage loans [on the secondary market] without having to record each transfer in the local land recording offices where the real estate securing the mortgage is located." Id.

Judge Robertson filed her action in her official capacity as probate judge on November 22, 2011, in the Barbour Circuit Court against MERSCORP and MERS. The complaint sought class-action status on behalf of "all Probate Judges of the State of Alabama" because the MERS defendants allegedly "systematically obstruct Ala.Code §§ 35-4-50, 35-4-51, and 35-4-62," and allegedly interfere with the duty of all probate judges to keep records of "conveyances of real property" as required by § 12-13-43, Ala.Code 1975. The complaint alleges that "[t]he [MERS] Defendants, to profit their shareholders and customers, operate to circumvent the laws of Alabama which prescribe the recording of interests in real estate inclusive of conveyances and grants of such interests. The circumvention obstructs such laws, preventing their fulfillment." Judge Robertson sought a judgment declaring that the MERS defendants' conduct is "an obstruction to Alabama law," a permanent injunction prohibiting the MERS defendants from engaging in their allegedly illegal conduct and requiring them to comply with Alabama's recording statutes, "a thorough and fully accurate accounting to [Judge Robertson] and Class of all interests in real estate that have been transferred to and within the MERS system within the last ten (10) years," and reimbursement to "the Probate Courts of Alabama for the recording fees which would have been paid but for the [MERS] Defendants' obstruction and circumvention of Alabama law."

On May 11, 2012, the MERS defendants filed an amended motion to dismiss the complaint.3 The MERS defendants argued, among other things, that Judge Robertson lacked standing to bring a private cause of action under the recording statutes. Judge Robertson filed a response in opposition to the motion to dismiss. The Barbour Circuit Court conducted a hearing on the motion on June 25, 2012. On July 10, 2012, the Barbour Circuit Court denied the MERS defendants' motion to dismiss the complaint.4 On July 19, 2012, the MERS defendants petitioned this Court concerning the circuit court's denial of their motion to dismiss the complaint.

The County filed its action on March 21, 2012, in the Walker Circuit Court against U.S. Bank. The complaint sought

The complaint alleged that U.S. Bank

The County sought to recover damages based on unjust enrichment because, it argues, U.S. Bank "received the benefits of recording its mortgages" without paying the County for those benefits. Those benefits included "the ability to represent that all rights to mortgage loans had been deposited in the trust, free and clear of any encumbrance." The County also sought a judgment declaring that "notes deposited in RMBS trusts are unperfected when the mortgages in the Counties' offices of judge of probate list an originating lender, with MERS as nominee" and mortgage assignments are not recorded in the probate office of the county in which the mortgaged property is located. It also sought a declaration "establishing that MERS, and U.S. Bank-administered trusts receiving assignments from MERS, were not the parties in interest to prosecute foreclosures for notes in RMBS trusts administered by U.S. Bank as Trustee." Finally, the County requested on behalf of itself and the putative class "a mandatory injunction requiring that [U.S. Bank] record all prior assignments from the originating lender to the depositor to the trust, and pay the associated recording fees, in order to clear title to properties in the Counties."

U.S. Bank filed a motion to dismiss the County's complaint on May 25, 2012, arguing, among other things, that the County lacked standing because "[t]he recording law does not authorize a cause of action to compel the recording of conveyances of interest in land." (Emphasis added.) The County filed its opposition on August 2, 2012, and the Walker Circuit Court held a hearing on the motion on August 7, 2012. On August 27, 2012, the Walker Circuit Court denied U.S. Bank's motion to dismiss the complaint. On September 10, 2012, the County filed a first amended complaint in which it added Walker County Probate Judge Rick Allison as a plaintiff to the action. On September 11, 2012, U.S. Bank filed its petition for the writ of mandamus with this Court.

Ex parte Kohlberg Kravis Roberts & Co., 78 So.3d 959, 965-66 (Ala.2011).

III. Analysis

A. The Parties' Primary Arguments

As the standard of review indicates, we do not ordinarily entertain mandamus petitions concerning the denial of a motion to dismiss. One of the few "narrow exceptions" we have carved out of this general rule is when the motion denied by the trial court is one that challenged that court's subject-matter jurisdiction, as in the case in which a motion to dismiss raises a question of "standing." E.g., Ex parte HealthSouth Corp., 974 So.2d 288, 292 (Ala.2007). The petitioners argue for the benefit of this exception in the present cases based on the fact that their motions framed the issues presented as "standing" issues and, thus, as subject-matter-jurisdiction issues.

The manner in which the MERS defendants argue that Judge Robertson lacks "standing" is telling. To begin, they state that Judge Robertson "does not and cannot allege an injury in fact causally connected to a failure to record conveyances and grants of interests in real estate with the Probate Court." (Emphasis added.) This is so, they say, first because "the law imposes no duty to record conveyances and grants of interests in real estate in the public land records" (emphasis added), and second because "Judge Robertson is not (and is not alleged in the Complaint to be) a purchaser or encumbrancer of land whom Alabama's recording statutes are solely designed to protect." In short, the MERS defendants assert,

(Emphasis added.)

Among other things, Judge Robertson responds to this argument by stating that she has standing because the MERS defendants' failure to record the subject conveyances deprived Barbour County of recording fees to which it was entitled by statute. See § 12-19-90, Ala.Code 1975. Judge Robertson contends that she has an interest in those fees in her official capacity and, thus, that, when those fees are not collected, both she and Barbour County suffer an injury.5

The MERS defendants respond to Judge Robertson's protestations of standing by reiterating that the recording statutes provide only that interests in real property "can" or "may" be recorded to protect against future purchasers and encumbrances, i.e., in order for a security interest to be perfected, but that unrecorded conveyances and grants of interest in real estate are nonetheless perfectly valid. They also contend that Judge Robertson's statutory duties of recording apply only when an instrument is submitted to the probate office for recording; the statutes, they say, do not and cannot fault her for failing to record transactions that have not been submitted to her office.

U.S. Bank's primary argument is similar to that of the MERS defendants. It contends that "Alabama courts ... have repeatedly stressed that there is no duty to record, that unrecorded interests are valid as between the parties, and that the only `penalty' for not recording is that one foregoes [sic] the protections of the recording laws." (Emphasis added.) U.S. Bank concludes that, "[w]ithout a duty to record, there can be no standing to assert a claim based on an alleged failure to record." (Emphasis added.) In addition, U.S. Bank contends that "the law is clear that the Judge of Probate ... cannot collect fees for services that are neither rendered nor required. The Judge of Probate can only collect fees `for service[s] provided by the probate offices.' Ala.Code [1975,] § 12-19-90...." U.S. Bank reasons that the probate judge therefore has no interest in fees that are not collected for unrecorded assignments.

Among other things, the County contends that, "but for [U.S. Bank's] use of MERS, [the County] would have received mortgage assignment fees in the securitization process and, thus, it alleged a compensable financial injury." The County takes the position that Alabama's recording statutes contain mandatory language that requires the recording of real-property ownership transfers. The County also contends it has been injured because, it says, U.S. Bank's "conduct has obscured [the County's] priority rights as a tax lien creditor and code violation creditor, thereby causing injury."

In its reply, U.S. Bank reiterates that "[b]ecause there is no duty to record assignments under well-established Alabama law, the county does not allege an injury-in-fact causally connected to a failure to record." (Emphasis added.) It also restates that even if recording was mandatory for all promissory-note assignments under Alabama law, no evidence suggests a legislative intent to allow a private cause of action to enforce that mandate.

B. Standing and Failure to State a Claim

We will not address whether the petitioners' arguments related above as to what is and what is not required by Alabama's recording statutes are correct. The questions raised by these arguments concern whether the legal theories asserted by the plaintiffs are recognized by Alabama law; they are not questions of the plaintiffs' "standing" to assert and attempt to prove those legal theories in our courts. In fact, the petitions before us constitute further examples of the understandable, but repeated, confusion in our jurisprudence between the issues of standing and of the failure to state, or prove, a cognizable claim. The United States Supreme Court itself has acknowledged that "the question whether a plaintiff states a claim for relief `goes to the merits' in the typical case, not the justiciability of a dispute, ... and conflation of the two concepts can cause confusion." Bond v. United States, ___ U.S. ___, ___, 131 S.Ct. 2355, 2362, 180 L.Ed.2d 269 (2011); see also 13A Charles Alan Wright, Arthur K. Miller & Edward H. Cooper, Federal Practice & Procedure § 3531 (3d ed. 2008) (noting that "[t]he question whether the law recognizes the cause of action stated by a plaintiff is frequently transformed into inappropriate standing terms").

This Court similarly has explained that

Wyeth, Inc. v. Blue Cross & Blue Shield of Alabama, 42 So.3d 1216, 1220 (Ala.2010) (emphasis added).

The MERS defendants argue that "the law imposes no duty" on them to record all assignments and transfers of notes attached to mortgages on real property. They expressly assert that the plaintiffs do not have a legislatively created "private right of action." These arguments, however, go to the viability of the plaintiffs' legal theories, not an issue of "standing" to assert those theories.

To like effect are U.S. Bank's arguments. Put simply, U.S. Bank's position is that the recording statutes do not impose a duty to record loan assignments and transfers and, therefore, that the probate judges cannot complain of the failure to record such assignments and transfers. Clearly, this is an argument that challenges the plaintiffs' interpretation of the recording statutes and, thus, the viability of the plaintiffs' legal theory under Alabama law.

We previously have observed that "our courts too often have fallen into the trap of treating as an issue of `standing' that which is merely a failure to state a cognizable cause of action or legal theory, or a failure to satisfy the injury element of a cause of action." Wyeth, 42 So.3d at 1219. See also Steele v. Federal Nat'l Mortg. Ass'n, 69 So.3d 89 (Ala.2010) (quoting and relying upon Wyeth for the above-stated principle); Ex parte Kohlberg Kravis Roberts & Co., 78 So.3d at 979 (quoting at length from Wyeth with approval). In Ex parte BAC Home Loans Servicing, LP, [Ms. 1110373, September 13, 2013] ___ So.3d ___ (Ala.2013), this Court recently rejected the notion that questions, not unlike those raised here, regarding the cognizability of the plaintiffs' legal theories, or claims, are "standing" issues rather than "cause of action" issues. We again reject that notion. Accordingly, the efforts to frame the questions before us as questions of standing and to thereby implicate the subject-matter jurisdiction of the trial courts must fail.

IV. Conclusion

For the reasons explained above, these cases do not fall within the subject-matter-jurisdiction exception to our general rule that we will not engage in mandamus review of a trial court's denial of a motion to dismiss. We therefore deny the request for mandamus relief in both of the cases before us.

1111370 — PETITION DENIED.

1111567 — PETITION DENIED.

MOORE, C.J., and STUART, BOLIN, PARKER, SHAW, MAIN, WISE, and BRYAN, JJ., concur.