Illinois General Assembly - Bill Status for HB5437

Synopsis As Introduced
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, 2013.

Actions

Date	Chamber	Action
2/9/2012	House	Filed with the Clerk by Rep. Pam Roth
2/15/2012	House	First Reading
2/15/2012	House	Referred to Rules Committee
1/8/2013	House	Session Sine Die

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