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March 2022

New DS-1 Form Implementation Date

March 1

The Illinois Land Title Association continues to work on addressing questions to the Department related to the pending Disclosure of Financial Interest (DS-1) Form and related DS-1 Form Instructions on March 1st. Clarifications are being sought regarding the Department's limited statutory authority, form content, disclosure timeline and record maintenance responsibilities, and subsequent regulatory examinations.

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Anti-Predatory Lending Database Compliance Update

March 17

Changes are coming to the Anti-Predatory Lending Database, with anticipated announcements on March 17th regarding Illinois Land Title Association requests regarding title industry responsibilities and APLD platform compliance.

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April 2022

ILTA Remote Notary Working Group

April 22 @ 10:00 am - 11:00 am

Illinois is in line to implement remote notary regulations one year after enactment of Public Act 102-160. Members of ILTA Title Counsel, Legislative, and Settlement Services committees are in position to provide comment and administrative rule suggestions following the Secretary of State's April 15th First Notice filing. Click here for Illinois Register – April 15th First Notice filing; and Click here to register for April 22nd working group virtual meeting.

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ILTA Unlawful Restrictive Covenant Working Group

April 28 @ 3:00 pm - 4:00 pm

At the beginning of this year, a new state law went into effect allowing property owners to “execute and file a restrictive covenant modification to an unlawful restrictive covenant,” see Public Act 102-110. Members of ILTA Title Counsel, Legislative, and Agents committees are in position to coordinate with county recorders, state's attorneys, and homeowner associations to craft a more uniform implementation of the new law that helps avoid compliance problems in the industry. Click here for more background; and Click…

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May 2022

ILTA Remote Notary Working Group

May 6 @ 10:00 am - 11:00 am

Illinois is in line to implement remote notary regulations one year after enactment of Public Act 102-160. Members of ILTA Title Counsel, Legislative, and Settlement Services committees are in position to provide comment and administrative rule suggestions following the Secretary of State’s April 15th First Notice filing. Click here for background information the legislation and proposed regulations; and Click here to register for May 6th working group virtual meeting.

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ILTA APLD Working Group

May 6 @ 11:00 am - 12:00 pm

Ever since an IDFPR crackdown on Anti-Predatory Lending Database (APLD) compliance, ILTA has worked on not only mitigating regulatory overreach but also improving the interaction with the APLD platform. While IDFPR has indicated a willingness to make APLD platform changes, more specific industry feedback/examples are needed. Click here for dot point “Issues with the APLD System” to provide more industry examples - please submit feedback info@illinoislandtitle.org by April 29th; and Click here to register for the ILTA May 6th APLD working group…

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Remote Notary Regulation Public Comment Deadline

May 30 @ 5:00 pm

Following joint ILTA committee working group (Agents, Title Counsel, Legislative) meetings, public comments have been prepared to provide the Secretary of State an assessment on several areas of interest to the title industry by the May 30th deadline. Click here for more information on ILTA's public comment.

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