Illinois House Bill 5986 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Title Insurance Act. Provides that the Secretary of Financial and Professional Regulation also may refuse to grant and may suspend or revoke a certificate of authority, registration, or license issued under the Act or impose a fine if the Secretary determines that the holder of or applicant for a certificate of authority, registration, or license: (1) is both a holder of a registration as a title insurance agent and a licensed real estate agent or licensed real estate broker and has acted as a licensed real estate agent or licensed real estate broker for any party to a real property transaction in which the person has also acted as a registered title insurance agent or (2) is both a holder of a registration as a title insurance agent and a loan originator, mortgage loan originator, loan officer, or a Nationwide Mortgage Licensing System and Registry license holder and has acted as a loan originator, mortgage loan originator, loan officer, or a Nationwide Mortgage Licensing System and Registry license holder for any party to a real property transaction in which the person has also acted as a registered title insurance agent. Effective immediately.

TITLE INS-ATTORNEY

Rep. Jeanne Ives [R]

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2018-11-07	House	Referred to Rules Committee
2018-11-07	House	First Reading
2018-11-05	House	Filed with the Clerk by Rep. Jeanne M Ives

Chapter	Article	Section	Citation Type	Statute Text
215	155	21	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5986&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB5986.htm