The Trusted Adviser

December 2014 | Volume 7 - Number 10

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Update from ATG Administration

New CFPB Integrated Disclosures

ATG Will Help You Prepare for August Implementation

David S. Huffman photo

As the holiday season approaches, the August 1, 2015, implementation date of the Consumer Financial Protection Bureau (CFPB) rule integrating the TILA-RESPA disclosures is only nine (9) months away.

The rule consolidates four existing disclosures into two forms: the Loan Estimate; and the Closing Disclosure.

The rule applies to most closed-end consumer credit transactions secured by real property. Read more...

David S. Huffman
ATG Senior Vice President - Title Operations

ATG REsource Downtime This Weekend

ATTN ATG REsource Users: ATG REsource database servers will undergo maintenance this weekend. ATG REsource and all its ancillary applications will be unavailable from Saturday, December 13, 2014, at 9:00 a.m. through Sunday, December 14, at 9:00 p.m. We are sorry for any inconvenience this may cause. Contact us if you have any questions. Thank you for your patience.

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Holiday Greetings from ATG

ATG MEMBERS | Underwriters' Bulletin

Procedural Updates

ATTN: Wisconsin Member Agents - Wisconsin Underwriting Guidelines Posted Online — The updated manual is now available in the Agent Support section of our website under Agent Manuals.


Authorization to Issue over $3 Million — ATG has specific procedures that our agents must follow when it comes to the issuance of commitments and policies. Read this article for a review of the requirements.

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Member Forum banner - click for How To instructions What's Trending: Requests from Lenders for Information about your Title Agency

Want to know more? Click and Join the Conversation.

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ATTORNEYS | Practice Notes

Of Note


Transfer on Death: Effective Jaunary 1, 2015 - PA 98-0821 — amends Sections 5, 35, 40, 50, 65, 75, and 90 of the Illinois Residential Real Property Transfer on Death Instrument Act in several ways.



Homestead: GMAC Mortgage, LLC v Arrigo — Under 735 ILCS 5/12–901, the spouse of a titleholder, who is not on title to the property but maintains the property as her primary place of residence, cannot claim a homestead exemption.


Mortgage Foreclosure: Beneficial Financial I v Hatton — A mortgage may be reformed if it is faulty in some manner. One manner in which the mortgage may be faulty is an incorrect legal description.


Condominiums: Northernaire Resort & Spa v Northernaire Condo Ass'n — The definition of a "unit" in the condominium declarations, rather than the definition in the Condominium Ownership Act, controlled when determining voting rights for unbuilt units.

WHAT'S NEW | Trust, CLE, Process, and Auction Services

ATG Trust Company logoGot Trust and Estate Questions? Our FAQ page has your answers. At ATG Trust Company, our mission is to bring a complete line of professional trust, estate, and investment services to attorneys and their clients. Need to know more? Contact us — we're here to help.

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ATG Legal Education logoEarn Wisconsin Credit Hours 24/7 Choose from several OnDemand programs that qualify in Wisconsin to get the hours you need to meet the December 31 deadline. See full Program Catalog - member login required for full access.

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Auctions by ATG logoAuctions by ATG – Your Commercial and Residential Property Auction Resource Auctions by ATG provides professional and effective live and online real estate auction services. Sellers and buyers of all types of commercial and residential property benefit from our totally transparent auction process, superior online bidding service, and attractive pricing model. Our extensive targeted marketing often leads to pre-auction sales that close in 30 days or less.

Join Our Email List to receive Auction Property of the Week notices and updates on our auctions.

Visit our new website at for more details. If you have questions, contact Operations Manager Mary Fran Gill, 312.752.1160. Follow us on Facebook and Twitter.

[Original post date: 12-8-14; Last update: 12-15-14]