Senate Sponsors: MOLARO-BERMAN-MADIGAN,R. House Sponsors: BUGIELSKI Short description: TITLE INS AGENT-ESCROW AGENT Synopsis of Bill as introduced: 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. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status