Illinois General Assembly - Bill Status for SB3180
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 Bill Status of SB3180  97th General Assembly

Short Description:  TITLE INS-SETTLEMENT FUNDS

Senate Sponsors
Sen. John G. Mulroe

House Sponsors
(Rep. Lou Lang)

Last Action
DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 155/26


Synopsis As Introduced
Amends the Title Insurance Act to add an exception to the prohibition against a title insurance company, title insurance agent, or independent escrowee making disbursements in connection with any escrows, settlements, or closings out of a fiduciary trust account or accounts if the funds are good funds and the title insurance company, title insurance agent, or independent escrowee and the financial institution, as defined by the Act, are known to each other and agree to the use of these funds

Actions 
DateChamber Action
  2/1/2012SenateFiled with Secretary by Sen. John G. Mulroe
  2/1/2012SenateFirst Reading
  2/1/2012SenateReferred to Assignments
  2/22/2012SenateAssigned to Financial Institutions
  3/1/2012SenateDo Pass Financial Institutions; 010-000-000
  3/1/2012SenatePlaced on Calendar Order of 2nd Reading March 6, 2012
  3/23/2012SenateSecond Reading
  3/23/2012SenatePlaced on Calendar Order of 3rd Reading March 26, 2012
  3/28/2012SenateThird Reading - Passed; 051-001-001
  3/28/2012HouseArrived in House
  3/28/2012HouseChief House Sponsor Rep. Lou Lang
  3/28/2012HousePlaced on Calendar Order of First Reading
  3/28/2012HouseFirst Reading
  3/28/2012HouseReferred to Rules Committee
  11/9/2012HouseFinal Action Deadline Extended-9(b) January 8, 2013
  11/9/2012HouseAssigned to Executive Committee
  1/8/2013SenateSession Sine Die

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