Date	Chamber	Action
1/13/2021	House	Session Sine Die

Statutes Amended In Order of Appearance

215 ILCS 155/18.1

Synopsis As Introduced
Amends the Title Insurance Act. In provisions concerning choice of title insurance company, provides that it is the public policy of the State that parties to a contract for the sale of residential real property who are obligated to pay for certain products and services related to title insurance (rather than title insurance) have the right to also choose the independent escrowee that will provide those products and services. Makes conforming changes. Provides that for a county with a population not less than 500,000, a transaction for the sale and purchase or residential real property, the title insurance company issuing the owner's title insurance policy shall issue the lender's title insurance policy for that transaction if the policy is required by the lender. Provides an exception to that if the buyer and seller agree otherwise or the buyer or seller is offered a discount of fees as an inducement to split the title insurance policies, unless the title insurance company issuing the owner's policy agrees to offer the same discount of fees.

Actions 

Date	Chamber	Action
1/30/2019	House	Filed with the Clerk by Rep. Ann M. Williams
2/1/2019	House	First Reading
2/1/2019	House	Referred to Rules Committee
2/13/2019	House	Assigned to Judiciary - Civil Committee
2/15/2019	House	To Commercial Law Subcommittee
3/26/2019	House	Added Co-Sponsor Rep. Sam Yingling
3/29/2019	House	Rule 19(a) / Re-referred to Rules Committee
2/4/2020	House	Assigned to Judiciary - Civil Committee
2/11/2020	House	To Commercial Law Subcommittee
6/23/2020	House	Rule 19(b) / Re-referred to Rules Committee
1/13/2021	House	Session Sine Die

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