Support of Senate Bill 2688

Ralph J. Schumann, President of the Illinois Real Estate Lawyers Association (www.irela.org), recently testified before a Senate Committee in support of Senate Bill 2688, which provides a mechanism for the IDFPR to curb certain abuses in the title insurance industry, and specifically authorizes IDFPR to take steps to prevent kickbacks and other practices which violate Section 8 of the Real Estate Settlement Procedures Act (RESPA).