ILTA members are reporting an increase in instances of seller impersonation fraud. Our friends at the American Land Title Association have produced this tip sheet on seller impersonation fraud. Please help reduce fraud by sharing with all the real estate professionals in your community. ALTA – Seller Impersonation Fraud
In January 2023, the state legislature approved an additional $10 million to the Illinois Department of Financial and Professional Regulation (IDFPR) for a new licensing system, which was last upgraded in 1999. Secretary Mario Treto testified to the House Appropriations committee on the evening of February 22nd that IDFPR is “currently in works of negotiating the […]
The expected start of new notary journal requirements this month are being delayed up to three months. Administrative rule staff officially filed objections this week to the Secretary of State’s proposed notary regulations, and the Secretary of State’s office has agreed to withdraw its rule-making to refile the latest version of proposed rules for further […]
***Positive Movement with the City*** Following a December 29th ILTA working group meeting, the City of Chicago met with ILTA on January 4th to discuss ongoing water certification issues. The main working group goals highlighted a desire for the city to adhere to a ten day turnaround as much as possible and to increase communication, […]
While the focus of the new notary regulations are on electronic notarization, please also note that Section 3-107 of the enacting legislation (Public Act 102-160) included new journal requirements for all notary public services. ***Effective Date*** These requirements go into effect “the date on which the Office of the Secretary of State files with the […]
On December 13th, the final amendments to proposed remote notary regulations are scheduled for approval by the Joint Committee on Administrative Rules (JCAR); however, some questions remain that have been submitted for clarification. ***Update 12/13/22: JCAR held the proposed rules at the December 13th meeting and re-scheduled them for approval on January 10th. ***Update 12/26/22: […]
On November 9th, ILTA received official responses from the Secretary of State regarding our public comments to their proposed April 2022 remote notary regulations. The Joint Committee on Administrative Rules (JCAR) that will be reviewing the Secretary of State’s proposed rules also confirmed there were around 850 changes made to the initially proposed rules by […]
In the evening of November 9th, the Illinois Department of Financial and Professional Regulation (IDFPR) provided notice to title underwriters that there will be a new agent registration application process beginning November 14th. “We have prepared instructions regarding changes designed to speed up the Agent Application process, effective Monday, November 14, 2022. Please read the […]
Publication of final amendments to the proposed April 2022 remote notary regulations have been delayed, but approval of regulations is still expected in December or January. Please note that even with eventual approval of regulations by the Joint Committee on Administrative Rules (JCAR), subsequent approval of vendor platforms and notary education programs by the Secretary […]