On September 8, 2016, Prairie Title CEO, Frank Pellegrini, joined several Illinois real estate leaders to testify before the state Senate Licenses Activities and Pensions Committee regarding the real estate environment in Illinois and the state’s role in regulating the industry. During the hearing, Frank spoke in favor of Amendment 2 to pending Senate Bill 2688, which would toughen state enforcement activities against title insurance companies who may be in violation of the national Real Estate Settlement Procedures Act. “I think the amendments we are discussing today to Senate Bill 2688 are very necessary,” Frank told the senators.
You can watch the Senate hearing here. Frank’s testimony runs for about 15 minutes and begins at 1:21:20.