SB2648 - 104th General Assembly (2025-2026)

TITLE INSURANCE TRANSFER
Last Action
1/27/2026 - Senate: Assigned to Judiciary
Statutes Amended In Order of Appearance
20 ILCS 1205/6  
30 ILCS 105/6z-26  
215 ILCS 155/3  from Ch. 73, par. 1403
215 ILCS 155/3.5 new  
215 ILCS 155/4  from Ch. 73, par. 1404
215 ILCS 155/4.1  
215 ILCS 155/5  from Ch. 73, par. 1405
215 ILCS 155/6  from Ch. 73, par. 1406
215 ILCS 155/7  from Ch. 73, par. 1407
215 ILCS 155/8  from Ch. 73, par. 1408
215 ILCS 155/9  from Ch. 73, par. 1409
215 ILCS 155/12  from Ch. 73, par. 1412
215 ILCS 155/13  from Ch. 73, par. 1413
215 ILCS 155/14.1  
215 ILCS 155/16  from Ch. 73, par. 1416
215 ILCS 155/16.1  
215 ILCS 155/17  from Ch. 73, par. 1417
215 ILCS 155/17.1  
215 ILCS 155/18  from Ch. 73, par. 1418
215 ILCS 155/19  from Ch. 73, par. 1419
215 ILCS 155/20  from Ch. 73, par. 1420
215 ILCS 155/21  from Ch. 73, par. 1421
215 ILCS 155/21.1  
215 ILCS 155/21.2  
215 ILCS 155/22  from Ch. 73, par. 1422
215 ILCS 155/23  from Ch. 73, par. 1423
765 ILCS 77/70  
765 ILCS 77/71 new  
Synopsis As Introduced
Amends the Title Insurance Act. Provides for the enforcement of the Act by the Department of Insurance (rather than the Department of Financial and Professional Regulation). Provides that all powers, duties, rights, and responsibilities of the Department of Financial and Professional Regulation and the Secretary of Financial and Professional Regulation under the Act are transferred to the Department of Insurance and Director of Insurance, respectively. Provides for the transfer of books, records, papers, documents, property, contracts, causes of action, pending business, and certain funds from the Department of Financial and Professional Regulation to the Department of Insurance. Provides that rules and proposed rules by the Department of Financial and Professional Regulation under the Act shall become rules and proposed rules of the Department of Insurance. Provides that all moneys received by the Department of Insurance under the Act shall be deposited into the Insurance Financial Regulation Fund (rather than the Financial Institution Fund). Makes conforming and grammatical changes throughout the Act. Amends the State Finance Act and the Financial Institutions Act to make conforming changes. Amends the Residential Real Property Disclosure Act to transfer authority over the predatory lending database from the Department of Financial and Professional Regulation to the Department of Insurance.
Actions
DateChamberAction
4/10/2025SenateFiled with Secretary by Sen. Bill Cunningham
4/10/2025SenateFirst Reading
4/10/2025SenateReferred to Assignments
4/29/2025SenateAdded as Co-Sponsor Sen. Paul Faraci
1/27/2026SenateAssigned to Judiciary