Relating to Alabama Housing Trust Fund; mortgage recording fee increase

HB 401 increases the mortgage recording fee in Alabama from $0.30 to $0.45 for every $100 of loan amount on mortgages, deeds of trust, and similar instruments. This fee change directly affects borrowers, lenders, and title companies when recording property-related financial instruments. The bill redirects the additional revenue to the Alabama Housing Trust Fund, which supports affordable housing programs. The change modifies existing fee structures without altering the fundamental process of mortgage recording.