Date	Chamber	Action
1/10/2023	House	Session Sine Die

Statutes Amended In Order of Appearance

215 ILCS 155/3

from Ch. 73, par. 1403

215 ILCS 155/5

from Ch. 73, par. 1405

215 ILCS 155/12

from Ch. 73, par. 1412

215 ILCS 155/14

from Ch. 73, par. 1414

215 ILCS 155/14.1

215 ILCS 155/16

from Ch. 73, par. 1416

215 ILCS 155/18

from Ch. 73, par. 1418

215 ILCS 155/18.2 new

215 ILCS 155/21

from Ch. 73, par. 1421

215 ILCS 155/23

from Ch. 73, par. 1423

215 ILCS 155/19 rep.

215 ILCS 155/24 rep.

215 ILCS 155/25 rep.

Synopsis As Introduced
Amends the Title Insurance Act. Provides that it is unlawful for any person, firm, partnership, association, corporation, or other legal entity to act as or hold itself out to be a title insurance agent unless first procuring from the Secretary of Financial and Professional Regulation a certificate of authority. Provides that the Secretary of Financial and Professional Regulation or the Secretary's authorized representative shall have power and authority to compel an independent escrowee's compliance with specified provisions of the Title Insurance Act. Establishes fees for title insurance agents. Provides that every applicant for a certificate of authority that is a firm, partnership, association, corporation, or other legal entity shall designate and name at least one individual who (1) has a financial or other beneficial interest in the licensee and (2) is authorized by at least one title insurance company to determine insurability of title. Establishes requirements for the issuance of certificates of authority to title insurance agents. Changes provisions concerning criminal penalties and injunctive relief for violations and referrals. Makes other changes. Effective immediately, except that the provisions concerning the filing of title insurance rates take effect September 1, 2022.

Actions 

Date	Chamber	Action
2/18/2021	House	Filed with the Clerk by Rep. Camille Y. Lilly
2/19/2021	House	First Reading
2/19/2021	House	Referred to Rules Committee
3/16/2021	House	Assigned to Financial Institutions Committee
3/27/2021	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2023	House	Session Sine Die

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