IllinoisSB2648104th General Assembly (2025–2026)Senate

TITLE INSURANCE TRANSFER

Sponsored By: Bill Cunningham (Democratic)

In Committee

Summary

Amends the Title Insurance Act. Provides for the enforcement of the Act by the Department of Insurance (rather than the Department of Financial and Professional Regulation). Provides that all powers, duties, rights, and responsibilities of the Department of Financial and Professional Regulation and the Secretary of Financial and Professional Regulation under the Act are transferred to the Department of Insurance and Director of Insurance, respectively. Provides for the transfer of books, records, papers, documents, property, contracts, causes of action, pending business, and certain funds from the Department of Financial and Professional Regulation to the Department of Insurance. Provides that rules and proposed rules by the Department of Financial and Professional Regulation under the Act shall become rules and proposed rules of the Department of Insurance. Provides that all moneys received by the Department of Insurance under the Act shall be deposited into the Insurance Financial Regulation Fund (rather than the Financial Institution Fund). Makes conforming and grammatical changes throughout the Act. Amends the State Finance Act and the Financial Institutions Act to make conforming changes. Amends the Residential Real Property Disclosure Act to transfer authority over the predatory lending database from the Department of Financial and Professional Regulation to the Department of Insurance.

assignmentsjudiciary

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Bill Cunningham

    Democratic • Senate

Cosponsors

  • Paul Faraci

    Democratic • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

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

    4/24/2026Senate
  2. Rule 2-10 Committee Deadline Established As April 24, 2026

    3/27/2026Senate
  3. Rule 2-10 Committee Deadline Established As March 27, 2026

    3/13/2026Senate
  4. Postponed - Judiciary

    3/11/2026Senate
  5. Assigned to Judiciary

    1/27/2026Senate
  6. Added as Co-Sponsor Sen. Paul Faraci

    4/29/2025Senate
  7. Referred to Assignments

    4/10/2025Senate
  8. First Reading

    4/10/2025Senate
  9. Filed with Secretary by Sen. Bill Cunningham

    4/10/2025Senate

Bill Text

Related Bills

Back to State Legislation