Senate Sponsors: BUTLER. House Sponsors: BIGGERT Short description: TITLE INSURANCE ACT-HOME RULE Synopsis of Bill as introduced: Amends the Title Insurance Act. Adds a caption to the short title Section. 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. Effective immediately. 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 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status