Illinois Compiled Statutes 55 ILCS 5/3-5010.10 – Property fraud alert system; registration by property owners and real estate professionals
Current as of: 2024 | Check for updates
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(a) As used in this Section:
“Property fraud alert system” means any electronic or automated alert system run by a county or by a third-party vendor, by whatever name, that informs a property owner by e-mail, telephone, or mail when a document is recorded with the county recorder that relates to a registered property.
“Real estate professional” means a licensed real estate agent, attorney, closing agent, or agent of a title insurance company.
(b) In a county that has a property fraud alert system, a recorder may create a registration form for a real estate professional to file with the recorder on behalf of a property owner to register the property owner in the county’s property fraud alert system. The registration form must contain the following minimum information:
(1) A notice on the top of the form that property
“Property fraud alert system” means any electronic or automated alert system run by a county or by a third-party vendor, by whatever name, that informs a property owner by e-mail, telephone, or mail when a document is recorded with the county recorder that relates to a registered property.
Terms Used In Illinois Compiled Statutes 55 ILCS 5/3-5010.10
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Fraud: Intentional deception resulting in injury to another.
- Fraud Alert: A key provision of the Fair and Accurate Credit Transactions Act of 2003 is the consumer's ability to place a fraud alert on their credit record. A consumer would use this option if they believe they were a victim of identity theft. Source: OCC
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
“Real estate professional” means a licensed real estate agent, attorney, closing agent, or agent of a title insurance company.
(b) In a county that has a property fraud alert system, a recorder may create a registration form for a real estate professional to file with the recorder on behalf of a property owner to register the property owner in the county’s property fraud alert system. The registration form must contain the following minimum information:
(1) A notice on the top of the form that property
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owners are not required to register with the county’s property fraud alert system.
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(2) A description of the county’s property fraud
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alert system; the name of the third-party vendor, if any, who operates the property fraud alert system; and the cost, if any, to the property owner of the property fraud alert system;
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(3) A portion to be completed by a property owner and
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real estate professional containing:
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(i) the property owner’s name and mailing address;
(ii) the Property Index Number (PIN) or unique
(ii) the Property Index Number (PIN) or unique
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parcel identification code of the property for which an alert will be created;
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(iii) the e-mail, telephone number, or mailing
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address the property owner would like to receive the alert;
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(iv) any information a third-party vendor who
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operates a county’s property fraud alert system requires to register a property owner;
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(v) if required, payment method and billing
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information;
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(vi) a clear and conspicuous notice, immediately
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before the signatures, stating that the property owner understands that neither the recorder, nor a third-party vendor operating a county’s property fraud alert system, nor a real estate professional, nor any employees thereof shall be liable to the property owner should the property fraud alert system fail to alert the property owner of any document being recorded and that it is the property owner’s responsibility to verify the information he or she has provided is correct and that he or she is registered with the property fraud alert system;
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(vii) a place for the property owner’s signature;
(viii) a place for the real estate professional’s
(viii) a place for the real estate professional’s
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signature, if applicable, along with a statement indicating that the real estate professional is registered with the recorder and is allowed to file the registration form with the recorder; and
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(ix) a place to list up to 3 other persons to
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receive a property fraud alert, including each person’s e-mail, telephone number, or address where he or she will receive the alert.
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(c) A property owner or real estate professional may file a completed and signed registration form with the recorder. When a recorder receives such a completed and signed registration form, the recorder shall complete the registration process for the property owner listed on the registration form by entering the information from the registration form into the property fraud alert system.
(d) A real estate professional that wishes to file registration forms with the recorder on behalf of property owners must first register with the recorder by verifying they are a licensed real estate agent, attorney, closing agent, or agent of a title insurance company. The recorder shall keep a list of all registered real estate professionals.
(e) No county, recorder, third-party vendor operating a county’s property fraud alert system, real estate professional, or any employees thereof shall be subject to liability, except for willful and wanton misconduct, for any error or omission in registering a property owner pursuant to this Section or for any damages caused by the failure of the property owner to be alerted of any document that was recorded that relates to a property registered under the owner’s name.
(f) A home rule unit shall not use or create a registration form for use by a real estate professional to register a property owner on the county’s property fraud alert system that conflicts with this Section. This Section is a limitation under subsection (i) of Section 6 of Article VII of the Illinois Constitution on the concurrent exercise by home rule units of powers and functions exercised by the State. However, nothing in this Section shall prevent any person from signing up for a property fraud alert system by other means than those provided for in this Section, including, but not limited to, on a county’s website or a third-party vendor’s website that hosts a property fraud alert system.
(d) A real estate professional that wishes to file registration forms with the recorder on behalf of property owners must first register with the recorder by verifying they are a licensed real estate agent, attorney, closing agent, or agent of a title insurance company. The recorder shall keep a list of all registered real estate professionals.
(e) No county, recorder, third-party vendor operating a county’s property fraud alert system, real estate professional, or any employees thereof shall be subject to liability, except for willful and wanton misconduct, for any error or omission in registering a property owner pursuant to this Section or for any damages caused by the failure of the property owner to be alerted of any document that was recorded that relates to a property registered under the owner’s name.
(f) A home rule unit shall not use or create a registration form for use by a real estate professional to register a property owner on the county’s property fraud alert system that conflicts with this Section. This Section is a limitation under subsection (i) of Section 6 of Article VII of the Illinois Constitution on the concurrent exercise by home rule units of powers and functions exercised by the State. However, nothing in this Section shall prevent any person from signing up for a property fraud alert system by other means than those provided for in this Section, including, but not limited to, on a county’s website or a third-party vendor’s website that hosts a property fraud alert system.