90th General Assembly
Summary of SB0591
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Senate Sponsors:

House Sponsors:

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


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