90th General Assembly
Status of SB1240
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Summary
MOLARO-BERMAN-MADIGAN,R.

(BUGIELSKI)

   215 ILCS 155/17           from Ch. 73, par. 1417                            

        Amends the Title Insurance Act.  Provides  that  title  insurance      
   companies  and  agents  may  act  as escrow agents even if not issuing      
   title insurance or qualified as an  independent  escrowee.   Effective      
   immediately.                                                                
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          215 ILCS 155/17                                                      
          Adds reference to:                                                   
          215 ILCS 155/16.1 new                                                
        Replaces the title and  everything  after  the  enacting  clause.      
   Authorizes  title  insurance  companies  and  agents  to act as escrow      
   agents.  Limits the authority to situations in which  the  company  or      
   agent  is  providing  limited  purpose  title  search  services to the      
   parties to the transaction.  Effective immediately.                         
   98-01-14  S  FIRST READING                                                  
   98-01-14  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   98-01-15  S       ASSIGNED TO COMMITTEE               LICENSED ACT.         
   98-03-03  S  SPONSOR REMOVED                          MADIGAN               
   98-03-03  S  CHIEF SPONSOR CHANGED TO                 MOLARO                
   98-03-03  S  ADDED AS A CHIEF CO-SPONSOR              BERMAN                
   98-03-03  S  ADDED AS A CHIEF CO-SPONSOR              MADIGAN               
   98-03-11  S                             AMENDMENT NO. 01-LICENSED ACT. S    
   98-03-11  S                                   ADOPTED                       
   98-03-11  S       DO PASS AS AMENDED                  007-000-001   SLIC    
   98-03-11  S  PLACED ON CALENDAR ORDER OF 2ND READING  98-03-12              
   98-03-25  S  SECOND READING                                                 
   98-03-25  S  PLACED ON CALENDAR ORDER OF 3RD READING  98-03-26              
   98-03-26  S  THIRD READING - PASSED                   054-000-001           
   98-03-26  H  ARRIVE IN HOUSE                                                
   98-03-26  H  PLACED CALENDAR ORDER OF FIRST READING                         
   98-03-31  H  HOUSE SPONSOR                            BUGIELSKI             
   98-04-01  H  FIRST READING                                                  
   98-04-01  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-01-12  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary