Relates to registrations of residential mortgages in default

This bill increases the maximum annual registration fee that local governments can charge mortgagees or their agents for registering residential mortgages in default, raising the cap from $75 to $300. It directly affects mortgage companies and their agents, who must pay this fee but cannot pass it on to borrowers in default. The key provision prohibits mortgagees from charging borrowers for the registration fee, ensuring the cost remains with the lender. The bill takes effect immediately upon enactment.