Bulletin: IL2010001

Date:
January 15, 2010
To:
All Illinois Issuing Offices
RE:
Illinois Predatory Lending Database Program

Dear Associates:

Public Act 096-0 856, Section 30, effective 12-31-09 amends the Illinois Predatory Lending Database Program, Section 70 of The Residential Real Property Disclosure Act 765 ILCS 77/1 et seq to expand this program to the counties of Kane, Peoria and Will. The inception date of the expansion is July 1, 2010.

If you have questions relating to this bulletin, please contact your local underwriting personnel or Stewart Legal Services.

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THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

References

Bulletins Replaced:
None
Related Bulletins:
IL2008002 SB 1167 Predatory Lending
 
IL2009004 SB 1167 Predatory Lending Database
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None