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April-May 2018 | Volume 11 - Number 3

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New Disclosure Form Implementation Delayed until June 1, 2018

IDFPR Sets New Effective Date in Response to Industry Input

Peter J. Birnbaum photoAs previously reported, the Title Insurance Division of the Illinois Department of Financial and Professional Regulation (IDFPR or the department) proposed a new disclosure form to be executed by title insurance agents and underwriters when title insurance is referred by a "producer" as defined under the Title Insurance Act. The form had an effective date of April 4, 2018.

ATG has a number of serious concerns about the content of the disclosure, whether the IDFPR has the authority to implement it, and perhaps most importantly, the bias against lawyer agents contained in both the disclosure form itself and in the Instructions for completing it.

ATG took action in voicing its concerns to advocate on behalf of lawyer agents and the clients they serve (see our May 4 letter). The result — the IDFPR will delay its implementation until June 1, 2018. Read more...

Henry L. Shulruff
ATG Senior Vice President - Business Development

In Memoriam

Richard O. Hart | ATG celebrates a long-time friend.
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ATG MEMBER AGENTS | Underwriters' Bulletin

Claims Corner

Payoff Request Letters — How to prevent proceeds from a transaction being applied to the wrong loan.

Procedural Updates


ATG REsource® Updated April 9, 2018 — Learn about the improvements and view the new tutorials.

ATTORNEYS | Practice Notes

Real Estate and Title Insurance News

URGENT WIRE FRAUD REMINDER: Confirm Wire Instructions before Sending Funds — Including when transmitting funds to the closing agent and making payoffs of mortgage loans.

Value of Lawyer's Role in Real Estate Transactions ATG agent Howard Gopman responds to Chicago Tribune article about lenders preying on veterans. Read more...

Wisconsin Governor Signs WLTA-Approved Bills The new laws affecting rental weatherization, transfer by affidavit, and transfer on death will help protect property owners. Read more...


ATG Makes Crain's List | Named one of Chicago's largest privately-held companies for the third year running.
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ATG Advocacy in Action | ATG spearheads campaign against House Bill 5188 — 299 Witness Slips against posted.
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ATG Offices Closed May 28 | In observance of Memorial Day — see our full holiday calendar.
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Follow ATG on LinkedIn | Keep up with news and views.
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Back to Basics, Part 1: Understanding the Title Commitment | May 16 | OnLine | 1.50 MCLE in Illinois | Gain a better understanding of the 2016 ALTA Title Commitment and learn how to clear the most common Schedule B, Part II exceptions. Who Should Attend: ATG Illinois member agents and their support staff. Learn more (account required).

Understanding Exposures in a Legal Liability Claim | June 7 | OnLine | 1.00 MCLE in Illinois (1.00 PR applied for) | Learn the protections liability insurance provides Illinois lawyers through an analysis of a real estate claim by ISBA Mutual representative, Brian Olson. Who Should Attend: ATG Illinois agents; ATG Trust attorneys; estate planning attorneys, title agents, and real estate professionals in Illinois. Learn more (account required).

ATG Trust Company logoWhat Is ATG Trust Company? ATG Trust is an independent trust company established in 1998 with a mission to provide creative, collaborative, and committed trust and estate administration to advisors and their clients. See our brochure for a list of services and answers to frequently asked questions. Visit our website to learn more about us. Feel free to contact a trust associate if you have questions.

ATG LegalServe logoFAST AND FLEXIBLE: The Process Server Responsive to Your Needs Explore our new website and learn about the difference we can make in your practice. Place your order today! Find us with Google Plus.

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[Last update: 5-11-18]