IL SB3712 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 4-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]

Summary

Amends the Title Insurance Act. Excludes a limited liability company from the requirement that every title insurance agent registration applicant must be 18 years or more of age. Provides that included in every application for registration by a title insurance company, including a firm, partnership, association, limited liability company, or corporation, shall be an affidavit, signed and notarized in front of a notary public, affirming that the applicant and any owner, officer, director, principal, member, or manager has never been convicted or pled guilty to any felony or misdemeanor involving a crime of theft or dishonesty. Provides that no person who has had a conviction or pled guilty to any felony or misdemeanor involving theft or dishonesty shall be registered by a title insurance company, and no such person may serve as an owner, officer, director, principal, or manager of any registered title insurance agent. Includes additional factors whereby the Secretary of Financial and Professional Regulation may refuse to grant or may suspend or revoke any certificate of authority, registration, or license issued pursuant to the Act or impose a fine for a violation of the Act. Effective January 1, 2013.

Tracking Information

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Title

TITLE INS-AGENTS-REGISTRATION

Sponsors


Roll Calls

2012-03-22 - Senate - Third Reading in Senate (Y: 52 N: 0 NV: 7 Abs: 0) [PASS]

History

DateChamberAction
2013-01-08SenateSession Sine Die
2012-03-23HouseReferred to Rules Committee
2012-03-23HouseFirst Reading
2012-03-22HousePlaced on Calendar Order of First Reading
2012-03-22HouseChief House Sponsor Rep. Linda Chapa LaVia
2012-03-22HouseArrived in House
2012-03-22SenateThird Reading - Passed; 052-000-001
2012-03-22SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter
2012-03-08SenatePlaced on Calendar Order of 3rd Reading March 21, 2012
2012-03-08SenateSecond Reading
2012-03-01SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
2012-03-01SenatePlaced on Calendar Order of 2nd Reading March 6, 2012
2012-03-01SenateDo Pass as Amended Financial Institutions; 010-000-000
2012-03-01SenateSenate Committee Amendment No. 1 Adopted
2012-02-27SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions
2012-02-27SenateSenate Committee Amendment No. 1 Referred to Assignments
2012-02-27SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Iris Y. Martinez
2012-02-24SenateAssigned to Financial Institutions
2012-02-10SenateReferred to Assignments
2012-02-10SenateFirst Reading
2012-02-10SenateFiled with Secretary by Sen. Iris Y. Martinez

Code Citations

ChapterArticleSectionCitation TypeStatute Text
21515516Amended CodeCitation Text
21515521Amended CodeCitation Text

Illinois State Sources


Bill Comments

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