TITLE INS-CONSUMER PROTECTION Senate SponsorsSen. Iris Y. Martinez 1/8/2013SenateSession Sine Die 215 ILCS 155/14from Ch. 73, par. 1414215 ILCS 155/14.1215 ILCS 155/14.2 new30 ILCS 105/5.786 newAmends the Title Insurance Act. Makes changes to the provision concerning fees paid by title insurance companies and independent escrowees. Creates a special income-earning fund, known as the Title Insurance Consumer Protection Fund, in the State Treasury. Sets forth the fees collected by the Department of Financial and Professional Regulation that shall be deposited in the Fund. Provides that money in the Fund shall be used solely for the purpose of providing restitution to consumers who have suffered monetary loss arising out of a transaction regulated by the Act. Provides that money in the Fund shall be subrogated to the amount of the restitution. Provides that money in the Fund may be transferred to the Professions Indirect Cost Fund. Amends the State Finance Act to create the Title Insurance Consumer Protection Fund. Makes other changes. Effective immediately. 1/27/2011SenateFiled with Secretary by Sen. Iris Y. Martinez 1/27/2011SenateFirst Reading 1/27/2011SenateReferred to Assignments 2/9/2011SenateAssigned to Commerce 3/3/2011SenatePostponed - Commerce 3/10/2011SenatePostponed - Commerce 3/17/2011SenatePostponed - Commerce 3/18/2011SenateRule 3-9(a) / Re-referred to Assignments 1/8/2013SenateSession Sine Die