Title Insurance Law and Regulation

Public Act 98-0398 (IL)

Effective Date: 1-1-2014

Title Insurance Agent Registration

Statutes Amended: 215 ILCS 155/16 (new) and 21 (new)

The new law amends the Title Insurance Act to require every...

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Reporting Requirements under the Uniform Disposition of Unclaimed Property Act

By Steven Walker, ATG Law Clerk

Most attorneys are familiar with the problem of the ouststanding uncashed check from a real estate closing or other representation. Many times a...

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The 2010 Illinois Good Funds Provisions

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The Closing Disclosure Form: A Reference

By, Steven Walker, ATG Law Clerk

Introduction

Federal law has required lenders provide two different disclosure forms at, or shortly before, a closing on a mortgage loan. Two...

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Title Tips: Choose a Property Type in ATG REsource®

 

Title insurance companies are required to collect information on the type of property being insured. Specifically, we are required to collect information on whether the property is...

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Title Underwriters to Collect "Property Type" Information

Beginning in 2012, the National Association of Insurance Commissioners (NAIC) is requiring title insurance underwriters to collect property type information for each policy reported. The NAIC has...

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“Blanket Exceptions” and Expedited Searches-- Wisconsin

On June 24, 2014, the Wisconsin Office of the Commissioner of Insurance sent a Bulletin Regarding Use of Blanket Exceptions in...

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