The bill amends the 2018 Public Laws related to property, specifically the sections concerning mortgage foreclosure and sale mediation conferences. The amendments involve the removal of the sunset provision that would have caused the act to expire on July 1, 2023. The legal language indicating the expiration date is deleted from the current law.

The explanation provided by the Legislative Council clarifies that the purpose of the bill is to extend the mediation coverage prior to mortgage foreclosures from the original expiration date of July 1, 2023, to a new expiration date of July 1, 2026. The bill is set to take effect immediately upon passage, ensuring that there is no lapse in the availability of mediation conferences for mortgage foreclosure proceedings.