SB 3180 Illinois Senate · 97th Regular Session

TITLE INS-SETTLEMENT FUNDS

Summary

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

Bill status failed 3 of 5 stages cleared

Introduction

Mar 2012

Committee Review

Nov 2012

Senate Passage

Mar 2012

House Passage

Governor

Introduced Mar 28, 2012 Last action Jan 8, 2013

Floor votes · Senate Mar 28, 2012

How they voted

51–1

Passed · 6 other

Total votes 58

Mar 28, 2012

D Democratic34

31 Yea 3

91% Yea

R Republican24

20 Yea 1 Nay 3

83% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jan 8, 2013

Senate · Failed

Session Sine Die

Nov 9, 2012

House · Referred to committee

Assigned to Executive Committee

Mar 28, 2012

House · Referred to committee

Referred to Rules Committee

Mar 28, 2012

House · Introduced

Arrived in House

Mar 28, 2012

Senate · Passed

Senate Vote: pass (51-1-6)

Mar 1, 2012

Senate · Reported by committee

Do Pass Financial Institutions; 010-000-000

Feb 22, 2012

Senate · Referred to committee

Assigned to Financial Institutions

Feb 1, 2012

Senate · Referred to committee

Referred to Assignments

0 primary · 1 co-sponsor