Illinois General Assembly - Bill Status for HB5986
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 Bill Status of HB5986  100th General Assembly


Short Description:  TITLE INS-ATTORNEY

House Sponsors
Rep. Jeanne M Ives

Last Action
DateChamber Action
  1/8/2019HouseSession Sine Die

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


Synopsis As Introduced
Amends the Title Insurance Act. Provides that the Secretary of Financial and Professional Regulation also may refuse to grant and may suspend or revoke a certificate of authority, registration, or license issued under the Act or impose a fine if the Secretary determines that the holder of or applicant for a certificate of authority, registration, or license: (1) is both a holder of a registration as a title insurance agent and a licensed real estate agent or licensed real estate broker and has acted as a licensed real estate agent or licensed real estate broker for any party to a real property transaction in which the person has also acted as a registered title insurance agent or (2) is both a holder of a registration as a title insurance agent and a loan originator, mortgage loan originator, loan officer, or a Nationwide Mortgage Licensing System and Registry license holder and has acted as a loan originator, mortgage loan originator, loan officer, or a Nationwide Mortgage Licensing System and Registry license holder for any party to a real property transaction in which the person has also acted as a registered title insurance agent. Effective immediately.

Actions 
DateChamber Action
  11/5/2018HouseFiled with the Clerk by Rep. Jeanne M Ives
  11/7/2018HouseFirst Reading
  11/7/2018HouseReferred to Rules Committee
  1/8/2019HouseSession Sine Die

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