Relates to registrations of residential mortgages in default

This bill increases the maximum annual registration fee that local governments can charge mortgage companies for registering residential mortgages in default, raising the cap from $75 to $300. It directly affects local governments (which set the fees) and mortgage companies (which pay the fees), while prohibiting mortgage companies from passing these costs to borrowers in default. The key provision amends a law to allow fees up to $300 per year for mortgage registrations, ensuring borrowers do not bear this cost. The bill does not change eligibility for mortgage registration or alter borrower protections beyond this fee structure.