EDITOR'S NOTE: This Special Bulletin went out with the wrong phone number to call for ATG assistance. The correct number is 312.752.1984. We apologize for any inconvenience this has caused.
 
 
June 15, 2010
Attorneys' Title Guaranty Fund, Inc.
Changes to Kane, Peoria, and Will County Closings
 
Contact ATG
800.252.0402
APL Contact
Information
312.372.1984
 
Proprietary content is password-protected. ATG Members: request your login if needed. ATG Member Staff: create your own logins---be sure to include your member information in the "Define Your Profile" form to get proper access.
Expansion of the Illinois Anti-Predatory Lending Database Program
 
Effective Date: July 1, 2010
 
The Illinois Anti-Predatory Lending Database (APLD) program will go into effect for Kane, Peoria, and Will Counties on July 1, 2010. The intention of the program is to reduce predatory lending practices by requiring certain borrowers to receive counseling before proceeding to closing. After completing the state-mandated counseling, the borrowers can then choose whether to continue with the loan transaction. Cook County has been subject to the Act since 2008.
 
All ATG members who conduct closings on property located Kane, Peoria, and Will counties must register with the State of Illinois (this is done through ATG) and complete a training session. To complete these steps, visit ATG's Anti-Predatory Lending Database Program web page. PLEASE NOTE: The page is password-protected for ATG members only, requiring your ATG login to access --- click here if you need your ATG username and password.
 
Once there you will find the following information:
 
  • How to register with State of Illinois (required for all agents conducting closings in affected counties);

  • Where to register for training (required for all agents conducting closings in affected counties);

  • Relevant ATG Forms;

  • Purpose of the Anti-Predatory Lending Database Program;

  • Transactions that are subject to the program;

  • Recording requirements; and

  • Database, counseling, and printing certificates.
 
ATG's APLD webpage should provide all the information you need, but if you have additional questions, please contact us at apl@atgf.com or 312.372.1984.
 
You may also visit the official website for the program (www.ilapld.com) or call their customer service number (888-ILL-APLD). Thank you.
 
David Huffman
Senior Vice President - Title Operations
Attorneys' Title Guaranty Fund, Inc.
 
 
 

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