Increases the registration fee for residential mortgages in default to $300 annually.
The bill amends the real property actions and proceedings law to increase the registration fee for residential mortgages in default to $300 annually. This fee is imposed by local laws, ordinances, or resolutions and cannot be passed on to the mortgagor in default. The change takes effect immediately upon enactment.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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