4/13/22 12:14 PM

April 2022 State Regulatory Compliance Updates

Check out information on Illinois 2022 DS-1 Form plus a title insurance rate reduction in New Mexico.


  • The Illinois Department of Financial and Professional Regulation has temporarily prohibited the use of the previously distributed 2022 DS-1 Form and has mandated that the 1997 DS-1 (Disclosure of Financial Interest Form) be used. A copy of the 1997 DS-1 can be found on the IDFPR website. 

New Mexico

  • The Office of the Superintendent of Insurance has approved the largest title insurance rate reduction in a decade. Title Insurance rates in New Mexico will decrease 6% on July 1, 2022. "Inflation is rising, gas prices are rising, groceries are rising, costs to New Mexicans overall are rising and yet the title insurance industry had their best quarter on record last year," stated Superintendent of Insurance Russell Toal. "Increasing title premium rates or even leaving them flat was not in the best interests of New Mexico consumers."

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Topics: Regulatory and Compliance