AN ACT TO AMEND TITLE 10 OF THE DELAWARE CODE RELATING TO RESIDENTIAL MORTGAGE FORECLOSURES DURING THE COVID-19 RECOVERY PERIOD.

This Act ensures that the consumer protections for Delawareans related to residential mortgage foreclosure put in place during the COVID-19 state of emergency do not cease immediately upon the lifting of the COVID-19 state of emergency, but instead continue for a short period of time during the COVID-19 recovery period. The COVID-19 recovery period runs until the sixty-first day following the termination of the COVID-19 state of emergency. This Act is intended to set the ceiling for what restrictions may be placed on residential mortgage foreclosures during the COVID-19 recovery period. This Act is written to give the Governor flexibility to carry out the legislative will of protecting Delawareans while not regulating property more than necessary given the market needs and conditions. If additional executive orders are issued to further ratchet down or slowly ease the transition back to normal operations, those are the protections that will be in effect during the COVID-19 recovery period. This Act sunsets on the sixty-first day following the termination of the COVID-19 state of emergency.