Illinois 99th Regular Session Status: In Committee

SB 2738 — TITLE INS-CLOSING PROTECTION

Last action — Session Sine Die

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 99th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

In plain language

The bill restricts issuance of closing protection letters to title insurance companies only.

This bill amends the Title Insurance Act to specify that only title insurance companies can issue closing protection letters. It aims to clarify who is authorized to provide this type of letter, effective immediately.

Summary

Amends the Title Insurance Act. Makes changes in the definition of "insured closing letter" or "closing protection letter". Provides that a closing protection letter shall not be issued by any person or entity (including an independent escrowee) other than a title insurance company. Effective immediately.

Bill Text

How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill restricts the issuance of closing protection letters to only title insurance companies.

  • 215 ILCS 155/17

    A closing protection letter shall not be issued by any person or entity (including an independent escrowee) other than a title insurance company.

    Only title insurance companies can issue closing protection letters.

Action History

  1. Session Sine Die

  2. Rule 3-9(a) / Re-referred to Assignments

  3. Rule 2-10 Committee Deadline Established As April 22, 2016

  4. Added as Chief Co-Sponsor Sen. Don Harmon

  5. Postponed - Judiciary

  6. Postponed - Judiciary

  7. Assigned to Judiciary

  8. Referred to Assignments

  9. First Reading

  10. Filed with Secretary by Sen. John G. Mulroe

Sponsors

  • John G. Mulroe · Cosponsor

Sponsorship breakdown

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0 sponsors · 1 co-sponsors · 182 not signed on

Sponsors (0)

None.

Co-sponsors (1)

  • John G. Mulroe

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 2738 do?
Amends the Title Insurance Act. Makes changes in the definition of "insured closing letter" or "closing protection letter". Provides that a closing protection letter shall not be issued by any person or entity (including an independent escrowee) other than a title insurance company. Effective immediately.
Who sponsors SB 2738?
SB 2738 is sponsored by John G. Mulroe.
What is the current status of SB 2738?
This bill died with 99th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 2738?
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Last checked for changes 3 months ago · updated continuously

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