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Illinois proposes changes to Title Insurance Act
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Legislative Developments
Wednesday, November 7, 2018
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The Illinois General Assembly on Nov. 5 introduced legislation that would allow the secretary of financial and professional regulation to refuse to grant, and suspend or revoke a certificate of authority, registration or license issued under the act if the holder of or applicant for a certificate of authority, registration or license is both a holder of a registration as a title agent and a licensed real estate agent or licensed real estate broker; or is both a holder of a registration as a title agent and a loan originator, mortgage loan originator, loan officer or a Nationwide Mortgage Licensing System and Registry license holder. Read on for more details.
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