Fabio
102 lines
7.2 KiB
Markdown
102 lines
7.2 KiB
Markdown
---
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type: "Bill"
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title: "TITLE INS - DISBURSEMENTS"
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description: "Amends the Title Insurance Act. Provides that a title insurance company, title insurance agent, or independent escrowee shall not make disbursements in connection with any escrows, settlements, or closings out of a fiduciary trust account or accounts unless the funds in the aggregate amount of $50,000 or greater received from any single party to the transaction are wired funds unconditionally held by and credited to the fiduciary trust account of the title insurance company, title insurance agent, or independent escrowee; are good funds as defined in the provision; or are collected funds as defined in the provision. Provides that a title insurance company or title insurance agent shall not make disbursements in connection with any escrows, settlements, or closings out of a fiduciary trust account or accounts unless the funds in the amount of less than $50,000 received from any single party to the transaction are collected funds or good funds as defined in the provision. Sets forth definitions for \"good funds\" and \"collected funds\". Effective January 1, 2010."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "96th"
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identifier: "SB 2111"
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citation: "Illinois SB 2111 (96th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 41
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vote_count: 3
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first_action: "2009-02-20"
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last_action: "2009-08-24"
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source: "openstates"
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source_identifier: "ocd-bill/54f199c9-5d21-45e4-975e-446dcb59aea1"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2111&GAID=10&DocTypeID=SB&LegId=45031&SessionID=76&GA=96"
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source_hash: "6f784a00945882a8a0645d76bc5e5f92df70ffeb7842a20941d98e9cd4245973"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois SB 2111 (96th) — TITLE INS - DISBURSEMENTS
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Amends the Title Insurance Act. Provides that a title insurance company, title insurance agent, or independent escrowee shall not make disbursements in connection with any escrows, settlements, or closings out of a fiduciary trust account or accounts unless the funds in the aggregate amount of $50,000 or greater received from any single party to the transaction are wired funds unconditionally held by and credited to the fiduciary trust account of the title insurance company, title insurance agent, or independent escrowee; are good funds as defined in the provision; or are collected funds as defined in the provision. Provides that a title insurance company or title insurance agent shall not make disbursements in connection with any escrows, settlements, or closings out of a fiduciary trust account or accounts unless the funds in the amount of less than $50,000 received from any single party to the transaction are collected funds or good funds as defined in the provision. Sets forth definitions for "good funds" and "collected funds". Effective January 1, 2010.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600SB2111&GA=96&SessionId=76&DocTypeId=SB&LegID=45031&DocNum=2111&GAID=10&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600SB2111eng&GA=96&SessionId=76&DocTypeId=SB&LegID=45031&DocNum=2111&GAID=10&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600SB2111enr&GA=96&SessionId=76&DocTypeId=SB&LegID=45031&DocNum=2111&GAID=10&Session=&print=true)
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## Votes
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- Third Reading — **57–0** (pass) · upper
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- Third Reading — **112–0** (pass) · lower
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- Concurrence — **57–0** (pass) · upper
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## Sponsors
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- Don Harmon — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2009-02-20** Filed with Secretary by Sen. Don Harmon `filing`
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- **2009-02-20** First Reading `reading-1`
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- **2009-02-20** Referred to Assignments `referral-committee`
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- **2009-03-04** Assigned to Judiciary `referral-committee`
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- **2009-03-11** Do Pass Judiciary; 011-000-000 `committee-passage`
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- **2009-03-11** Placed on Calendar Order of 2nd Reading March 12, 2009
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- **2009-03-24** Senate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon `amendment-introduction`
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- **2009-03-24** Senate Floor Amendment No. 1 Referred to Assignments `referral-committee`
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- **2009-03-25** Senate Floor Amendment No. 1 Assignments Refers to Judiciary
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- **2009-03-30** Second Reading `reading-2`
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- **2009-03-30** Placed on Calendar Order of 3rd Reading March 31, 2009
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- **2009-03-31** Senate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 008-000-000
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- **2009-04-01** Recalled to Second Reading `reading-2`
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- **2009-04-01** Senate Floor Amendment No. 1 Adopted; Harmon `amendment-passage`
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- **2009-04-01** Placed on Calendar Order of 3rd Reading
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- **2009-04-01** Third Reading - Passed; 057-000-002 `reading-3, passage`
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- **2009-04-02** Arrived in House `introduction`
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- **2009-04-02** Placed on Calendar Order of First Reading `reading-1`
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- **2009-04-02** Chief House Sponsor Rep. Dan Reitz
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- **2009-04-02** First Reading `reading-1`
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- **2009-04-02** Referred to Rules Committee `referral-committee`
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- **2009-04-20** Assigned to Judiciary I - Civil Law Committee `referral-committee`
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- **2009-04-29** House Committee Amendment No. 1 Filed with Clerk by Judiciary I - Civil Law Committee `amendment-introduction`
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- **2009-04-29** House Committee Amendment No. 1 Adopted in Judiciary I - Civil Law Committee; by Voice Vote `amendment-passage`
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- **2009-04-29** Do Pass as Amended / Short Debate Judiciary I - Civil Law Committee; 013-000-000 `committee-passage`
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- **2009-04-29** Placed on Calendar 2nd Reading - Short Debate
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- **2009-04-30** Second Reading - Short Debate `reading-2`
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- **2009-04-30** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2009-05-19** Third Reading - Short Debate - Passed 112-000-001 `reading-3, passage`
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- **2009-05-19** Secretary's Desk - Concurrence House Amendment(s) 1
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- **2009-05-19** Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 20, 2009
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- **2009-05-21** House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon `filing`
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- **2009-05-21** House Committee Amendment No. 1 Motion to Concur Referred to Assignments `referral-committee`
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- **2009-05-22** House Committee Amendment No. 1 Motion to Concur Assignments Referred to Judiciary `referral-committee`
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- **2009-05-26** House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Judiciary; 009-000-000
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- **2009-05-27** House Committee Amendment No. 1 Senate Concurs 057-000-002
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- **2009-05-27** Passed Both Houses
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- **2009-06-25** Sent to the Governor `executive-receipt`
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- **2009-08-24** Governor Approved `executive-signature`
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- **2009-08-24** Effective Date January 1, 2010
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- **2009-08-24** Public Act . . . . . . . . . 96-0645 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/54f199c9-5d21-45e4-975e-446dcb59aea1`. Confidence: reported (aggregated from official Illinois legislature records).
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