GA96HB5409 96 HB 5409 TITLE INS-ESCROW AGENTS Amends the Title Insurance Act. In the provision concerning definitions, makes changes to the definition of "title insurance agent". Provides that a title insurance agent shall not act as an escrow agent in a real property transaction unless the title insurance agent, title insurance company, or another authorized title insurance agent has committed for the issuance of title insurance and the title insurance agent is authorized to act as an escrow agent on behalf of the title insurance company. Provides that closing protection letters shall indemnify the parties in a real property transaction against actual loss, not to exceed the amount of the settlement funds deposited with the escrow agent, when the loss arises out of certain circumstances. Sets forth the circumstances under which indemnification under a closing protection letter may include limitations on the liability of the title insurance. Provides that a title insurance company shall be liable for the acts or omissions of its title insurance agent as an escrow agent if the title insurance company has authorized the title insurance agent and only to the extent of the liability undertaken by the title insurance company in the agency agreement or closing protection letter. Makes other changes. http://www.ilga.gov/legislation/BillStatus.asp?DocNum=5409&GAID=10&DocTypeID=HB&LegId=50444&SessionID=76&GA=96 2010-05-05 00:00:00 House Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee 0 53 HRUL 2010-05-05 00:00:00 House Senate Committee Amendment No. 1 Motion Filed Concur Rep. Andr M. Thapedi 0 50 2010-04-06 00:00:00 Senate Referred to Assignments 0 22 SCOA 2010-04-06 00:00:00 Senate Assigned to Judiciary 0 23 SJUD 2010-04-14 00:00:00 Senate Postponed - Judiciary 0 24 SJUD 2010-05-05 00:00:00 Senate Third Reading - Passed; 041-012-003 1 47 2010-05-05 00:00:00 House Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2, 3 1 49 2010-05-05 00:00:00 Senate Added as Alternate Chief Co-Sponsor Sen. William R. Haine 0 46 2010-05-05 00:00:00 Senate Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins 0 45 2010-05-05 00:00:00 Senate Placed on Calendar Order of 3rd Reading 0 44 2010-05-05 00:00:00 Senate Senate Floor Amendment No. 3 Adopted; Martinez 0 43 2010-05-05 00:00:00 Senate Recalled to Second Reading 0 41 2010-05-05 00:00:00 Senate Senate Floor Amendment No. 2 Adopted; Martinez 0 42 2010-05-04 00:00:00 Senate Senate Floor Amendment No. 3 Recommend Do Adopt Judiciary; 006-002-001 0 40 SJUD 2010-05-05 00:00:00 House Arrived in House 0 48 2010-04-30 00:00:00 Senate Senate Floor Amendment No. 3 Referred to Assignments 0 38 SCOA 2010-04-29 00:00:00 Senate Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 008-000-001 0 36 SJUD 2010-05-03 00:00:00 Senate Senate Floor Amendment No. 3 Assignments Refers to Judiciary 0 39 SJUD 2010-04-30 00:00:00 Senate Senate Floor Amendment No. 3 Filed with Secretary by Sen. Iris Y. Martinez 0 37 2010-04-28 00:00:00 Senate Senate Floor Amendment No. 2 Filed with Secretary by Sen. Iris Y. Martinez 0 33 2010-04-20 00:00:00 Senate Do Pass as Amended Judiciary; 006-001-001 0 29 SJUD 2010-04-20 00:00:00 Senate Placed on Calendar Order of 2nd Reading April 21, 2010 0 30 2010-04-29 00:00:00 Senate Senate Floor Amendment No. 2 Assignments Refers to Judiciary 0 35 SJUD 2010-04-28 00:00:00 Senate Senate Floor Amendment No. 2 Referred to Assignments 0 34 SCOA 2010-04-27 00:00:00 Senate Second Reading 1 31 2010-04-27 00:00:00 Senate Placed on Calendar Order of 3rd Reading April 28, 2010 0 32 2010-04-14 00:00:00 Senate Senate Committee Amendment No. 1 Filed with Secretary by Sen. Iris Y. Martinez 0 25 2010-04-14 00:00:00 Senate Senate Committee Amendment No. 1 Referred to Assignments 0 26 SCOA 2010-04-14 00:00:00 Senate Senate Committee Amendment No. 1 Assignments Refers to Judiciary 0 27 SJUD 2010-04-20 00:00:00 Senate Senate Committee Amendment No. 1 Adopted 0 28 2010-04-06 00:00:00 Senate Arrive in Senate 0 18 2010-04-06 00:00:00 Senate Placed on Calendar Order of First Reading 0 19 2010-04-06 00:00:00 Senate Chief Senate Sponsor Sen. Iris Y. Martinez 0 20 2010-04-06 00:00:00 Senate First Reading 1 21 2010-03-26 00:00:00 House Third Reading - Short Debate - Passed 102-000-000 1 17 2010-05-05 00:00:00 House Senate Floor Amendment No. 3 Motion Filed Concur Rep. Andr M. Thapedi 0 52 2010-03-25 00:00:00 House House Floor Amendment No. 1 Adopted by Voice Vote 0 15 2010-03-25 00:00:00 House Placed on Calendar Order of 3rd Reading - Short Debate 0 16 2010-03-25 00:00:00 House Second Reading - Short Debate 1 14 2010-03-24 00:00:00 House House Floor Amendment No. 1 Recommends Be Adopted Judiciary I - Civil Law Committee; 016-000-000 0 13 HJUA 2010-05-05 00:00:00 House Senate Floor Amendment No. 2 Motion Filed Concur Rep. Andr M. Thapedi 0 51 2010-03-24 00:00:00 House Added Chief Co-Sponsor Rep. Rene Kosel 0 12 2010-03-24 00:00:00 House Added Chief Co-Sponsor Rep. Robert Rita 0 11 2010-03-24 00:00:00 House Added Chief Co-Sponsor Rep. Anthony DeLuca 0 10 2010-03-24 00:00:00 House Added Chief Co-Sponsor Rep. Karen A. Yarbrough 0 9 2010-03-24 00:00:00 House House Floor Amendment No. 1 Rules Refers to Judiciary I - Civil Law Committee 0 8 HJUA 2010-03-23 00:00:00 House House Floor Amendment No. 1 Referred to Rules Committee 0 7 HRUL 2010-03-23 00:00:00 House House Floor Amendment No. 1 Filed with Clerk by Rep. Andr M. Thapedi 0 6 2010-03-10 00:00:00 House Placed on Calendar 2nd Reading - Short Debate 0 5 2010-03-10 00:00:00 House Do Pass / Short Debate Judiciary I - Civil Law Committee; 016-000-000 0 4 HJUA 2010-03-02 00:00:00 House Assigned to Judiciary I - Civil Law Committee 0 3 HJUA 2010-02-05 00:00:00 House First Reading 1 1 2010-02-05 00:00:00 House Referred to Rules Committee 0 2 HRUL 2010-02-04 00:00:00 House Filed with the Clerk by Rep. Andr M. Thapedi 0 0 2010-05-05 00:00:00 House Senate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee 0 54 HRUL 2010-05-05 00:00:00 House Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee 0 55 HRUL 2010-05-07 00:00:00 House Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000 0 56 HRUL 2010-05-07 00:00:00 House Senate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000 0 57 HRUL 2010-05-07 00:00:00 House Senate Floor Amendment No. 3 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000 0 58 HRUL 2010-05-07 00:00:00 Senate Added as Alternate Co-Sponsor Sen. A. J. Wilhelmi 0 59 KarenAYarbrough House Chief Co-Sponsor JacquelineYCollins Senate Chief Co-Sponsor ReneeKosel House Chief Co-Sponsor RobertRita House Chief Co-Sponsor AnthonyDeLuca House Chief Co-Sponsor AndreMThapedi House Chief Sponsor IrisYMartinez Senate Chief Sponsor WilliamRHaine Senate Chief Co-Sponsor