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<title>Illinois General Assembly - Bill Status for SB 1317         </title>
<shortdesc>TITLE INSURANCE ACT-VARIOUS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Rachelle Crowe</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Camille Y. Lilly-Daniel Didech)</altsponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>215 ILCS 155/1</reference><aliasreference>from Ch. 73, par. 1401</aliasreference><SynopsisText>Amends the Title Insurance Act. Makes a technical change in a Section concerning the short title.</SynopsisText><synopsistitle>Senate Committee Amendment No. 1</synopsistitle>
<reftype>Deletes reference to:</reftype><reference>215 ILCS 155/1</reference><aliasreference></aliasreference><reftype>Adds reference to:</reftype><reference>215 ILCS 155/3</reference><aliasreference>from Ch. 73, par. 1403</aliasreference><reference>215 ILCS 155/5</reference><aliasreference>from Ch. 73, par. 1405</aliasreference><reference>215 ILCS 155/12</reference><aliasreference>from Ch. 73, par. 1412</aliasreference><reference>215 ILCS 155/14</reference><aliasreference>from Ch. 73, par. 1414</aliasreference><reference>215 ILCS 155/14.1</reference><aliasreference></aliasreference><reference>215 ILCS 155/16</reference><aliasreference>from Ch. 73, par. 1416</aliasreference><reference>215 ILCS 155/18</reference><aliasreference>from Ch. 73, par. 1418</aliasreference><reference>215 ILCS 155/18.2 new</reference><aliasreference></aliasreference><reference>215 ILCS 155/21</reference><aliasreference>from Ch. 73, par. 1421</aliasreference><reference>215 ILCS 155/23</reference><aliasreference>from Ch. 73, par. 1423</aliasreference><reference>215 ILCS 155/19 rep.</reference><aliasreference></aliasreference><reference>215 ILCS 155/24 rep.</reference><aliasreference></aliasreference><reference>215 ILCS 155/25 rep.</reference><aliasreference></aliasreference><SynopsisText>Replaces everything after the enacting clause.  Amends the Title Insurance Act. Provides that it is unlawful for any person, firm, partnership, association, corporation, or other legal entity to act as or hold itself out to be a title insurance agent unless first procuring from the Secretary of Financial and Professional Regulation a certificate of authority.  Establishes fees for title insurance agents.  Provides that every applicant for a certificate of authority that is a firm, partnership, association, corporation, or other legal entity shall designate and name at least one individual who (1) has a financial or other beneficial interest in the licensee and (2) is authorized by at least one title insurance company to determine insurability of title. Establishes requirements for the issuance of certificates of authority to title insurance agents. Changes provisions concerning criminal penalties and injunctive relief for violations.  Effective immediately, except that the provisions concerning the filing of title insurance rates take effect September 1, 2020.</SynopsisText><synopsistitle>Senate Floor Amendment No. 2</synopsistitle>
<SynopsisText>Provides that the Secretary of Financial and Professional Regulation or the Secretary's authorized representative shall have power and authority to compel an independent escrowee's compliance with specified provisions of the Title Insurance Act. Requires every title insurance company and independent escrowee to file with the Secretary the specification of services and schedule of fees for each fee intended to be charged to the parties to a transaction pursuant to specified provisions of the Act. In provisions concerning regulatory action, makes changes in provisions concerning referrals. Makes various changes to correct grammatical and typographical errors.</SynopsisText><synopsistitle>House Committee Amendment No. 1</synopsistitle>
<reftype>Deletes reference to:</reftype><reference>215 ILCS 155/3</reference><aliasreference></aliasreference><reference>215 ILCS 155/5</reference><aliasreference></aliasreference><reference>215 ILCS 155/12</reference><aliasreference></aliasreference><reference>215 ILCS 155/14</reference><aliasreference></aliasreference><reference>215 ILCS 155/14.1</reference><aliasreference></aliasreference><reference>215 ILCS 155/16</reference><aliasreference></aliasreference><reference>215 ILCS 155/18</reference><aliasreference></aliasreference><reference>215 ILCS 155/18.2 new</reference><aliasreference></aliasreference><reference>215 ILCS 155/21</reference><aliasreference></aliasreference><reference>215 ILCS 155/23</reference><aliasreference></aliasreference><reference>215 ILCS 155/19 rep.</reference><aliasreference></aliasreference><reference>215 ILCS 155/24 rep.</reference><aliasreference></aliasreference><reference>215 ILCS 155/25 rep.</reference><aliasreference></aliasreference><reftype>Adds reference to:</reftype><reference>215 ILCS 155/1</reference><aliasreference>from Ch. 73, par. 1401</aliasreference><SynopsisText>Replaces everything after the enacting clause. Amends the Title Insurance Act. Makes a technical change in a Section concerning the short title.</SynopsisText></synopsis>
<actions>
<statusdate>2/7/2019</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Don Harmon</action>
<statusdate>2/7/2019</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/7/2019</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>3/14/2019</statusdate><chamber>Senate</chamber><action>Assigned to Judiciary</action>
<statusdate>3/14/2019</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon</action>
<statusdate>3/14/2019</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Referred to Assignments</action>
<statusdate>3/19/2019</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Assignments Refers to Judiciary</action>
<statusdate>3/22/2019</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As March 28, 2019</action>
<statusdate>3/26/2019</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Adopted</action>
<statusdate>3/27/2019</statusdate><chamber>Senate</chamber><action>Do Pass as Amended Judiciary;  008-000-001</action>
<statusdate>3/27/2019</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 28, 2019</action>
<statusdate>4/5/2019</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon</action>
<statusdate>4/5/2019</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Referred to Assignments</action>
<statusdate>4/9/2019</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>4/9/2019</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading April 10, 2019</action>
<statusdate>4/9/2019</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Assignments Refers to Judiciary</action>
<statusdate>4/9/2019</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary;  006-000-000</action>
<statusdate>4/10/2019</statusdate><chamber>Senate</chamber><action>Recalled to Second Reading</action>
<statusdate>4/10/2019</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Adopted; Harmon</action>
<statusdate>4/10/2019</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading</action>
<statusdate>4/10/2019</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 047-000-003</action>
<statusdate>4/10/2019</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>4/11/2019</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Camille Y. Lilly</action>
<statusdate>4/11/2019</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>4/11/2019</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>4/23/2019</statusdate><chamber>House</chamber><action>Added Alternate Chief Co-Sponsor Rep. Daniel Didech</action>
<statusdate>4/24/2019</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>5/10/2019</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>11/6/2019</statusdate><chamber>House</chamber><action>Assigned to Human Services Committee</action>
<statusdate>12/16/2019</statusdate><chamber>House</chamber><action>Rule 19(b) / Re-referred to Rules Committee</action>
<statusdate>2/25/2020</statusdate><chamber>Senate</chamber><action>Chief Sponsor Changed to Sen. Rachelle Crowe</action>
<statusdate>1/2/2021</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>1/7/2021</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Gregory Harris</action>
<statusdate>1/7/2021</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>1/8/2021</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Executive Committee</action>
<statusdate>1/8/2021</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Adopted in Executive Committee;  by Voice Vote</action>
<statusdate>1/8/2021</statusdate><chamber>House</chamber><action>Do Pass as Amended / Short Debate Executive Committee;  008-005-000</action>
<statusdate>1/8/2021</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>1/8/2021</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>1/8/2021</statusdate><chamber>House</chamber><action>Held on Calendar Order of Second Reading - Short Debate</action>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
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