Illinois General Assembly - Bill Status for SB1317
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 Bill Status of SB1317  101st General Assembly


Short Description:  TITLE INSURANCE ACT-VARIOUS

Senate Sponsors
Sen. Rachelle Crowe

House Sponsors
(Rep. Camille Y. Lilly - Daniel Didech)

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 155/1from Ch. 73, par. 1401


Synopsis As Introduced
Amends the Title Insurance Act. Makes a technical change in a Section concerning the short title.

Senate Committee Amendment No. 1
Deletes reference to:
215 ILCS 155/1
Adds reference to:
215 ILCS 155/3from Ch. 73, par. 1403
215 ILCS 155/5from Ch. 73, par. 1405
215 ILCS 155/12from Ch. 73, par. 1412
215 ILCS 155/14from Ch. 73, par. 1414
215 ILCS 155/14.1
215 ILCS 155/16from Ch. 73, par. 1416
215 ILCS 155/18from Ch. 73, par. 1418
215 ILCS 155/18.2 new
215 ILCS 155/21from Ch. 73, par. 1421
215 ILCS 155/23from Ch. 73, par. 1423
215 ILCS 155/19 rep.
215 ILCS 155/24 rep.
215 ILCS 155/25 rep.

Replaces everything after the enacting clause. 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. 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. Effective immediately, except that the provisions concerning the filing of title insurance rates take effect September 1, 2020.

Senate Floor Amendment No. 2
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. Requires every title insurance company and independent escrowee to file with the Secretary the specification of services and schedule of fees for each fee intended to be charged to the parties to a transaction pursuant to specified provisions of the Act. In provisions concerning regulatory action, makes changes in provisions concerning referrals. Makes various changes to correct grammatical and typographical errors.

House Committee Amendment No. 1
Deletes reference to:
215 ILCS 155/3
215 ILCS 155/5
215 ILCS 155/12
215 ILCS 155/14
215 ILCS 155/14.1
215 ILCS 155/16
215 ILCS 155/18
215 ILCS 155/18.2 new
215 ILCS 155/21
215 ILCS 155/23
215 ILCS 155/19 rep.
215 ILCS 155/24 rep.
215 ILCS 155/25 rep.
Adds reference to:
215 ILCS 155/1from Ch. 73, par. 1401

Replaces everything after the enacting clause. Amends the Title Insurance Act. Makes a technical change in a Section concerning the short title.

Actions 
DateChamber Action
  2/7/2019SenateFiled with Secretary by Sen. Don Harmon
  2/7/2019SenateFirst Reading
  2/7/2019SenateReferred to Assignments
  3/14/2019SenateAssigned to Judiciary
  3/14/2019SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
  3/14/2019SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/19/2019SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary
  3/22/2019SenateRule 2-10 Committee Deadline Established As March 28, 2019
  3/26/2019SenateSenate Committee Amendment No. 1 Adopted
  3/27/2019SenateDo Pass as Amended Judiciary; 008-000-001
  3/27/2019SenatePlaced on Calendar Order of 2nd Reading March 28, 2019
  4/5/2019SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon
  4/5/2019SenateSenate Floor Amendment No. 2 Referred to Assignments
  4/9/2019SenateSecond Reading
  4/9/2019SenatePlaced on Calendar Order of 3rd Reading April 10, 2019
  4/9/2019SenateSenate Floor Amendment No. 2 Assignments Refers to Judiciary
  4/9/2019SenateSenate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 006-000-000
  4/10/2019SenateRecalled to Second Reading
  4/10/2019SenateSenate Floor Amendment No. 2 Adopted; Harmon
  4/10/2019SenatePlaced on Calendar Order of 3rd Reading
  4/10/2019SenateThird Reading - Passed; 047-000-003
  4/10/2019HouseArrived in House
  4/11/2019HouseChief House Sponsor Rep. Camille Y. Lilly
  4/11/2019HouseFirst Reading
  4/11/2019HouseReferred to Rules Committee
  4/23/2019HouseAdded Alternate Chief Co-Sponsor Rep. Daniel Didech
  4/24/2019HouseAssigned to Executive Committee
  5/10/2019HouseRule 19(a) / Re-referred to Rules Committee
  11/6/2019HouseAssigned to Human Services Committee
  12/16/2019HouseRule 19(b) / Re-referred to Rules Committee
  2/25/2020SenateChief Sponsor Changed to Sen. Rachelle Crowe
  1/2/2021HouseAssigned to Executive Committee
  1/7/2021HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Gregory Harris
  1/7/2021HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  1/8/2021HouseHouse Committee Amendment No. 1 Rules Refers to Executive Committee
  1/8/2021HouseHouse Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
  1/8/2021HouseDo Pass as Amended / Short Debate Executive Committee; 008-005-000
  1/8/2021HousePlaced on Calendar 2nd Reading - Short Debate
  1/8/2021HouseSecond Reading - Short Debate
  1/8/2021HouseHeld on Calendar Order of Second Reading - Short Debate
  1/13/2021SenateSession Sine Die

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