Bill Title: Amends the Title Insurance Act. Excludes limited liability companies from the requirement that every title insurance agent registration applicant must be 18 years or more of age. Provides that included in every application for registration of a title insurance agent, including a firm, partnership, association, limited liability company, or corporation, shall be an affidavit of the applicant title insurance agent, signed and notarized in front of a notary public, affirming that the applicant and every owner, officer, director, principal, member, or manager of the applicant has never been convicted or pled guilty to any felony or misdemeanor involving a crime of theft or dishonesty. Provides that no person who has had a conviction or pled guilty to any felony or misdemeanor involving theft or dishonesty may be registered by a title insurance company, and no such person may serve as an owner, officer, director, principal, or manager of any registered title insurance agent. Includes additional factors whereby the Secretary of Financial and Professional Regulation may refuse to grant or may suspend or revoke any certificate of authority, registration, or license issued pursuant to the Act or impose a fine for a violation of the Act. Effective January 1, 2014.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Passed) 2013-08-16 - Public Act . . . . . . . . . 98-0398 [HB1545 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Maria Berrios [D]	Primary	Sponsored Bills	HD-039	FollowTheMoney	Ballotpedia	VoteSmart
Representative Monique Davis [D]	Cosponsor	Sponsored Bills	HD-027	FollowTheMoney	Ballotpedia	VoteSmart
Representative Linda LaVia [D]	Cosponsor	Sponsored Bills	HD-083	FollowTheMoney	Ballotpedia	VoteSmart
Representative Cynthia Soto [D]	Cosponsor	Sponsored Bills	HD-004	FollowTheMoney	Ballotpedia	VoteSmart
Senator Iris Martinez [D]	Primary	Sponsored Bills	SD-020	FollowTheMoney	Ballotpedia	VoteSmart
Senator Jacqueline Collins [D]	Cosponsor	Sponsored Bills	SD-016	FollowTheMoney	Ballotpedia	VoteSmart

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