BUGIELSKI-HASSERT-FRITCHEY-MEYER. (WALSH,T-WALSH,L) 215 ILCS 155/14 from Ch. 73, par. 1414 215 ILCS 155/19.1 new 215 ILCS 155/19 rep. Amends the Title Insurance Act. Provides that the Director of Financial Institutions shall prescribe policy forms, endorsements, and underwriting contracts. Requires the Director to establish the minimum rate for title insurance and escrow and settlement services. Authorizes the Director to collect a fee not exceeding 0.10% of gross title insurance premium on policies written in Illinois by all title insurers. Effective immediately. HOUSE AMENDMENT NO. 1. Authorizes the Director of Financial Institutions to collect a fee of 0.25%, rather than 0.10%, of gross title insurance premiums. Subjects title insurance agents to various fees. FISCAL NOTE, H-AM 1 (Department of Financial Institutions) Initial cost would be $177,038 which fee revenues would cover. 99-02-18 H FIRST READING 99-02-18 H ADDED AS A JOINT SPONSOR HASSERT 99-02-18 H ADDED AS A JOINT SPONSOR FRITCHEY 99-02-18 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-24 H ASSIGNED TO COMMITTEE FIN INSTIT 99-03-02 H JOINT-SPONSOR CHANGED TO MEYER 99-03-03 H AMENDMENT NO. 01-FIN INSTIT H 99-03-03 H ADOPTED 99-03-03 H DO PASS AMENDED/SHORT DEBATE 012-002-001 HFIN 99-03-03 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-03-09 H FISCAL NOTE FILED AS AMENDED BY HOUSE AMEND #1 99-03-09 H SECOND READING-SHORT DEBATE 99-03-09 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-03-11 H THIRD READING/SHORT DEBATE/PASSED 064-048-004 99-03-11 S ARRIVE IN SENATE 99-03-11 S PLACED CALENDAR ORDER OF FIRST READING 99-03-16 99-03-12 S CHIEF SPONSOR WALSH,T 99-03-16 S ADDED AS A CHIEF CO-SPONSOR LIGHTFORD 99-03-16 S FIRST READING 99-03-16 S REFERRED TO SENATE RULES COMMITTEE RULES 99-03-19 S ADDED AS A CHIEF CO-SPONSOR WALSH,L 99-04-27 S SPONSOR REMOVED LIGHTFORD 99-04-27 S CHIEF CO-SPONSOR CHANGED TO WALSH,L 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary