Bill Status of HB 1545   98th General Assembly

Short Description:  TITLE INS-AGENTS-REGISTRATION

House Sponsors
Rep. Maria Antonia Berrios-Monique D. Davis-Linda Chapa LaVia-Cynthia Soto

Senate Sponsors
(Sen. Iris Y. Martinez-Jacqueline Y. Collins)


Last Action  View All Actions

DateChamber Action
  8/16/2013HousePublic Act . . . . . . . . . 98-0398

Statutes Amended In Order of Appearance
215 ILCS 155/16from Ch. 73, par. 1416
215 ILCS 155/21from Ch. 73, par. 1421

Synopsis As Introduced
Amends the Title Insurance Act. Excludes limited liability companies from the requirement that every title insurance agent registration applicant must be 18 years or more of age. Provides that included in every application for registration of a title insurance agent, including a firm, partnership, association, limited liability company, or corporation, shall be an affidavit of the applicant title insurance agent, signed and notarized in front of a notary public, affirming that the applicant and every owner, officer, director, principal, member, or manager of the applicant has never been convicted or pled guilty to any felony or misdemeanor involving a crime of theft or dishonesty. Provides that no person who has had a conviction or pled guilty to any felony or misdemeanor involving theft or dishonesty may be registered by a title insurance company, and no such person may serve as an owner, officer, director, principal, or manager of any registered title insurance agent. Includes additional factors whereby the Secretary of Financial and Professional Regulation may refuse to grant or may suspend or revoke any certificate of authority, registration, or license issued pursuant to the Act or impose a fine for a violation of the Act. Effective January 1, 2014.

House Committee Amendment No. 1
Provides that no person who has had a conviction or pled guilty to any felony or misdemeanor involving theft or dishonesty may be registered by a title insurance company without a separate written notification to the Secretary of Financial and Professional Regulation disclosing the conviction or plea (rather than may be registered by a title insurance company), and no such person may serve as an owner, officer, director, principal, or manager of any registered title insurance agent without the written permission of the Secretary (rather than no such person may serve as an owner, officer, director, principal, or manager of any registered title insurance agent).

Actions 
DateChamber Action
  2/11/2013HouseFiled with the Clerk by Rep. Maria Antonia Berrios
  2/13/2013HouseFirst Reading
  2/13/2013HouseReferred to Rules Committee
  2/19/2013HouseAssigned to Business & Occupational Licenses Committee
  3/8/2013HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Maria Antonia Berrios
  3/8/2013HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/11/2013HouseHouse Committee Amendment No. 1 Rules Refers to Business & Occupational Licenses Committee
  3/13/2013HouseAdded Chief Co-Sponsor Rep. Monique D. Davis
  3/13/2013HouseAdded Chief Co-Sponsor Rep. Linda Chapa LaVia
  3/13/2013HouseRecommends Do Pass Subcommittee/ Business & Occupational Licenses Committee; 003-000-000
  3/13/2013HouseHouse Committee Amendment No. 1 Adopted in Business & Occupational Licenses Committee; by Voice Vote
  3/13/2013HouseDo Pass as Amended / Short Debate Business & Occupational Licenses Committee; 010-000-000
  3/14/2013HousePlaced on Calendar 2nd Reading - Short Debate
  3/15/2013HouseSecond Reading - Short Debate
  3/15/2013HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/22/2013HouseThird Reading - Short Debate - Passed 109-000-000
  3/22/2013HouseAdded Chief Co-Sponsor Rep. Cynthia Soto
  3/22/2013SenateArrive in Senate
  3/22/2013SenatePlaced on Calendar Order of First Reading April 10, 2013
  4/8/2013SenateChief Senate Sponsor Sen. Iris Y. Martinez
  4/10/2013SenateFirst Reading
  4/10/2013SenateReferred to Assignments
  4/16/2013SenateAssigned to Financial Institutions
  5/1/2013SenatePostponed - Financial Institutions
  5/7/2013SenateAdded as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
  5/8/2013SenateDo Pass Financial Institutions; 006-000-000
  5/8/2013SenatePlaced on Calendar Order of 2nd Reading May 9, 2013
  5/20/2013SenateSecond Reading
  5/20/2013SenatePlaced on Calendar Order of 3rd Reading May 21, 2013
  5/21/2013SenateThird Reading - Passed; 055-000-001
  5/21/2013HousePassed Both Houses
  6/19/2013HouseSent to the Governor
  8/16/2013HouseGovernor Approved
  8/16/2013HouseEffective Date January 1, 2014
  8/16/2013HousePublic Act . . . . . . . . . 98-0398

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