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 under federal bankruptcy protection (automatic stay). It modifies New Jersey's existing foreclosure registration rules to remove fee requirements during bankruptcy proceedings. Creditors must still register properties in foreclosure as required, but the fee obligation is lifted if bankruptcy protection applies. The change directly affects banks and mortgage lenders handling foreclosures that enter bankruptcy. This policy adjustment aligns state fee obligations with federal bankruptcy protections.