Expedited Approval of Residential Building Permits; Requires governing bodies to create or update program to expedite process for issuing residential building permits; authorizes applicants to use private provider; requires governing body to establish registry of qualified contractors for specified purpose; authorizes governing body to issue addresses & temporary parcel identification numbers; requires governing body to issue specified number or percentage of building permits; provides applicant has vested rights when conditions are met; prohibits governing body from making changes to preliminary plat without written consent; requires applicant to indemnify & hold harmless certain entities & persons.