Relates to tax billing addresses

This bill eliminates a requirement for local tax offices to add a specific code to notification forms when a mortgage institution is listed as the tax billing address for a property. It directly affects local assessors and mortgage lenders by removing a procedural step related to mortgage escrow account changes. The key provision amends tax law to state that assessors no longer need to enter a code for mortgage-related address updates, streamlining the process. This change applies specifically when the tax billing address is a mortgage company or its agent, without altering property owner names or other records.