TITLE INS-MORTGAGE ASSUMPTION House SponsorsRep. Pam Roth 12/3/2014HouseSession Sine Die 215 ILCS 155/24.6 new Amends the Title Insurance Act. Provides that a corporation authorized to do business under the Act shall notify, in writing, the mortgagor and the third-party involved in a mortgage assumption transaction that when the mortgage is being assumed by the third-party and the third-party fails to pay the mortgage, the mortgagor may be responsible for the mortgage. Effective January 1, 2014. 2/7/2013HouseFiled with the Clerk by Rep. Pam Roth 2/13/2013HouseFirst Reading 2/13/2013HouseReferred to Rules Committee 2/19/2013HouseAssigned to Financial Institutions Committee 3/22/2013HouseRule 19(a) / Re-referred to Rules Committee 12/3/2014HouseSession Sine Die