Illinois General Assembly - Bill Status for HB3064
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 Bill Status of HB3064  102nd General Assembly


House Sponsors
Rep. Camille Y. Lilly

Last Action
DateChamber Action
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
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.

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.

DateChamber Action
  2/18/2021HouseFiled with the Clerk by Rep. Camille Y. Lilly
  2/19/2021HouseFirst Reading
  2/19/2021HouseReferred to Rules Committee
  3/16/2021HouseAssigned to Financial Institutions Committee
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

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