Exempts creditor from paying municipal property registration fee if property is subject to automatic stay under federal Bankruptcy Code.

This bill exempts creditors from paying municipal property registration fees when a property is subject to an automatic stay under federal bankruptcy law. It specifically prevents municipalities from charging creditors an annual fee for properties included in chapter 7 or 13 bankruptcy cases under federal law, as long as the automatic stay under 11 U.S.C. § 362(a) remains in effect. This applies to mortgage lenders and other creditors seeking to foreclose on properties while those properties are under federal bankruptcy protection. The exemption ensures creditors are not required to pay additional fees during the bankruptcy process, which is a change from current law that required such fees.