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Possible online services disruption due to Internet related outage

A worldwide technology outage is causing disruption to some State of Illinois online systems.  We are aware of this issue and are diligently working on restoration.

WEBSITE ALERT: IDFPR is no longer affiliated with the idfpr[.]com domain name. The website currently hosted on that domain is not authorized by IDFPR and may pose a security threat to visitors. Please be sure to use only IDFPR’s official website at IDFPR.illinois.gov.

Effective July 24, 2024, we request individuals seeking updates on licensure applications make virtual appointments on Wednesdays instead of visiting the Department’s Springfield office. Learn more on the IDFPR's Contact Us webpage.

Mario Treto, Jr., Secretary

Commentary Period Extended for Proposed Title Insurance Agent Compensation Guidance

News Release – Tuesday, January 23, 2018

The Illinois Department of Financial and Professional Regulation (IDFPR) has extended the deadline for comment on its proposed guidance on the process by which title insurance underwriters compensate their agents. The process of paying a percentage of the premium and/or closing fees that are assessed, known as “splitting premium” or “splitting fees,” appears to be significantly increasing the costs of closing residential transactions.

Before it is formalized, IDFPR is seeking comment from the title insurance industry, affected peripheral industries (real estate brokers and lenders, etc.) and the general public. This proposed guidance is neither official legal opinion nor interpretation of law.

Proposed Guidance may be viewed by clicking here.

Comments on Proposed Guidance may be directed to Susan Clardy of the Division of Financial Institutions, at susan.clardy-white@illinois.gov.

FOR IMMEDIATE RELEASE

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