Sec. 4. (a) The authority shall annually submit a report to the legislative council concerning the following:
(1) The operation of the mortgage foreclosure counseling and education program, if the program is conducted by the authority during the reporting period.
(2) A summary of mortgage foreclosure rates and trends in Indiana and the United States.
(b) The report submitted under this section must be in an electronic format under IC 5-14-6.