PETKA. (BUGIELSKI) 215 ILCS 155/3 from Ch. 73, par. 1403 215 ILCS 155/17 from Ch. 73, par. 1417 Amends the Title Insurance Act. Deletes the definition of "business of guaranteeing or insuring titles to real estate". Defines the terms "title insurance business", "title insurance" and "insured closing letter". Provides that a title insurance company or title insurance agent may act in the capacity of an escrow agent under certain conditions even if it is not issuing a title insurance commitment or policy and is not qualified as an independent escrowee. SENATE AMENDMENT NO. 1. Further amends the Title Insurance Act. Makes changes in the provisions concerning the ability of a title insurance company or title insurance agent to act as an escrow agent. FISCAL NOTE (Dept. of Financial Institutions) There would be no fiscal impact on the Department. 99-02-24 S FIRST READING 99-02-24 S REFERRED TO SENATE RULES COMMITTEE RULES 99-02-25 S ASSIGNED TO COMMITTEE INS & PENS. 99-03-16 S DO PASS 009-000-000 SINS 99-03-16 S PLACED ON CALENDAR ORDER OF 2ND READING 99-03-17 99-03-19 S SECOND READING 99-03-19 S PLACED ON CALENDAR ORDER OF 3RD READING 99-03-22 99-03-23 S FILED WITH SECRETARY 99-03-23 S AMENDMENT NO. 01-PETKA 99-03-23 S AMENDMENT REFERRED TO SRUL 99-03-23 S AMENDMENT NO. 01-PETKA 99-03-23 S BE APPROVED FOR CONSIDERATION SRUL 99-03-23 S RECALLED TO SECOND READING 99-03-23 S AMENDMENT NO. 01-PETKA 99-03-23 S ADOPTED 99-03-23 S PLACED ON CALENDAR ORDER OF 3RD READING 99-03-24 99-03-24 S THIRD READING - PASSED 056-000-001 99-03-24 H ARRIVE IN HOUSE 99-03-24 H PLACED CALENDAR ORDER OF FIRST READING 99-03-25 H HOUSE SPONSOR BUGIELSKI 99-03-25 H FIRST READING 99-03-25 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-04-14 H ASSIGNED TO COMMITTEE INSURANCE 99-04-21 H DO PASS/SHORT DEBATE 015-000-000 HINS 99-04-21 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-04-22 H SECOND READING-SHORT DEBATE 99-04-22 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-04-26 H FISCAL NOTE FILED 99-04-26 H CALENDAR ORDER 3RD READING-SHORT DEBATE 99-04-29 H THIRD READING/SHORT DEBATE/PASSED 113-000-002 99-04-29 S PASSED BOTH HOUSES 99-05-28 S SENT TO THE GOVERNOR 99-07-16 S GOVERNOR APPROVED 99-07-16 S EFFECTIVE DATE 00-01-01 99-07-16 S PUBLIC ACT.............................. 91-0159 END OF INQUIRY Full Text Bill Summary