TITLE INSURANCE ACT-HOME RULE
Synopsis of Bill as introduced:
Amends the Title Insurance Act. Adds a caption to the short
SENATE AMENDMENT NO. 1.
Deletes reference to:
215 ILCS 155/1
Adds reference to:
215 ILCS 155/3.1 new
215 ILCS 155/15.1 new
Deletes everything. Amends the Title Insurance Act. Preempts
home rule. Provides that it is an exclusive power of the State to
exercise any power or function set forth in the Act. Provides that
fees, charges, and taxes provided in the Act shall be in lieu of
license fees or privilege or occupation taxes or other fees levied or
assessed by a municipality, county, or other political subdivision.
STATE MANDATES FISCAL NOTE, S-AM 1
SB 591, with S-am 1, fails to create a State mandate.
FISCAL NOTE, S-AM 1 (Dept. of Financial Inst.)
SB 591, amended by S-am 1 would have no impact on this Dept.
HOUSING AFFORDABILITY NOTE
This bill will have no direct impact on the cost of construc-
ting, purchasing, owning or selling a single family residence.
Last action on Bill: PUBLIC ACT.............................. 90-0317
Last action date: 97-08-01
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status