Bill Title: 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.

Sponsorship: Bipartisan Bill

Status: (Passed) 2013-08-16 - Public Act . . . . . . . . . 98-0387 [HB1335 Detail]

Text: Latest bill text (Chaptered) [HTML]

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