Public Act 99-0075 (IL)

Property Fraud Alert System

 

Effective date: January 1, 2016

 

New statute: 55 ILCS 5/3-5010.10

 

The Act amends the Counties Code by providing that, in a county that has a property fraud alert system, a county recorder may create a registration form to register a property owner on the county's property fraud alert system through a real estate professional. The real estate professional may file with the recorder on behalf of a property owner. It further provides that real estate professionals must register with the county recorder prior to filing registration forms on behalf of property owners. The Act also limits liability for those assisting a property owner with registering for the property fraud alert system, and limits home rule powers. Additionally, on a registration form, a property owner may list three other people to receive a property fraud alert.

 

Bill Number: 
HB 3672
By: ATG Underwriting Department | Posted on: Tue, 01/19/2016 - 10:01am