TITLE INS-SINGLE PARTY House SponsorsRep. Careen M. Gordon-Lou Lang Senate Sponsors(Sen. William R. Haine) 8/20/2010HousePublic Act . . . . . . . . . 96-1457 215 ILCS 155/26 Amends the Title Insurance Act. In the provision concerning settlement funds, provides that a purchaser, a seller, or a lender are each considered a single party to the transaction, regardless of the number of people or entities making up the purchaser, seller, or lender. Effective January 1, 2011.Senate Floor Amendment No. 1 Makes changes to the provision concerning settlement funds. Provides that where funds in the aggregate amount of $50,000 or greater are received from any purchaser of residential real property, as "residential real property" is defined in the Act, the aggregate amount may consist of less than $50,000 per form in good funds in the forms of (i) cashier's checks, certified checks, bank money orders, official bank checks, or teller's checks and (ii) a check drawn on the trust account of any lawyer or real estate broker and of up to $5,000 in good funds in the form of a personal check or checks.Senate Floor Amendment No. 2 Makes a technical correction. 2/9/2010HouseFiled with the Clerk by Rep. Lou Lang 2/9/2010HouseFirst Reading 2/9/2010HouseReferred to Rules Committee 2/16/2010HouseAssigned to Judiciary I - Civil Law Committee 3/10/2010HouseDo Pass / Short Debate Judiciary I - Civil Law Committee; 016-000-000 3/10/2010HousePlaced on Calendar 2nd Reading - Short Debate 3/18/2010HouseSecond Reading - Short Debate 3/18/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/26/2010HouseChief Sponsor Changed to Rep. Careen M. Gordon 3/26/2010HouseAdded Chief Co-Sponsor Rep. Lou Lang 3/26/2010HouseThird Reading - Short Debate - Passed 089-014-000 4/6/2010SenateArrive in Senate 4/6/2010SenatePlaced on Calendar Order of First Reading April 13, 2010 4/12/2010SenateChief Senate Sponsor Sen. William R. Haine 4/12/2010SenateFirst Reading 4/12/2010SenateReferred to Assignments 4/13/2010SenateAssigned to Judiciary 4/20/2010SenateDo Pass Judiciary; 007-000-000 4/20/2010SenatePlaced on Calendar Order of 2nd Reading April 21, 2010 4/23/2010SenateSecond Reading 4/23/2010SenatePlaced on Calendar Order of 3rd Reading April 27, 2010 5/3/2010SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. William R. Haine 5/3/2010SenateSenate Floor Amendment No. 1 Referred to Assignments 5/5/2010SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. William R. Haine 5/5/2010SenateSenate Floor Amendment No. 2 Referred to Assignments 5/5/2010SenateSenate Floor Amendment No. 1 Assignments Refers to Executive 5/5/2010SenateSenate Floor Amendment No. 2 Assignments Refers to Executive 5/5/2010SenateSenate Floor Amendment No. 1 Recommend Do Adopt Executive; 010-000-002 5/5/2010SenateSenate Floor Amendment No. 2 Recommend Do Adopt Executive; 010-000-002 5/6/2010SenateRecalled to Second Reading 5/6/2010SenateSenate Floor Amendment No. 1 Adopted; Haine 5/6/2010SenateSenate Floor Amendment No. 2 Adopted; Haine 5/6/2010SenatePlaced on Calendar Order of 3rd Reading 5/6/2010SenateThird Reading - Passed; 055-000-002 5/6/2010HouseArrived in House 5/6/2010HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1, 2 5/7/2010HouseSenate Floor Amendment No. 1 Motion Filed Concur Rep. Careen M. Gordon 5/7/2010HouseSenate Floor Amendment No. 2 Motion Filed Concur Rep. Careen M. Gordon 5/7/2010HouseSenate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee 5/7/2010HouseSenate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee 5/7/2010HouseSenate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-001-000 5/7/2010HouseSenate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Rules Committee; 003-001-000 5/26/2010HouseSenate Floor Amendment No. 1 House Concurs 109-001-000 5/26/2010HouseSenate Floor Amendment No. 2 House Concurs 109-001-000 5/26/2010HousePassed Both Houses 6/24/2010HouseSent to the Governor 8/20/2010HouseGovernor Approved 8/20/2010HouseEffective Date January 1, 2011 8/20/2010HousePublic Act . . . . . . . . . 96-1457