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Illinois seeks to amend Title Insurance Act
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Legislative Developments
Wednesday, February 2, 2022
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The Illinois General Assembly is considering legislation that would amend the state’s Title Insurance Act. Among other things, it would make it illegal for a person, firm or association to act as a title agent without being licensed by the secretary of financial and professional regulation, require independent escrowees to comply with the provisions of the bill, and require title agents to pay specified fees.
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