HB 5437

  • Illinois House Bill
  • 97th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Title Ins-Mortgage Assumption


Amends the Title Insurance Act. Provides that a corporation authorized to do business under the Act shall notify, in writing, the mortgagor and the third-party involved in a mortgage assumption transaction that when the mortgage is being assumed by the third-party and the third-party fails to pay the mortgage, the mortgagor may be responsible for the mortgage. Effective January 1, 2013.

Bill Sponsors (1)


No votes to display


Jan 08, 2013


Session Sine Die

Feb 15, 2012


First Reading


Referred to Rules Committee

Feb 09, 2012


Filed with the Clerk by Rep. Pam Roth

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