CHICAGO & SPRINGFIELD, Ill.--(Business Wire)--
The Illinois Land Title Association (ILTA) recently honored Michael K. Brandt,
vice president - Claims and Legislation for Attorneys` Title Guaranty Fund, Inc.
(ATG), as a recipient of its 2009 President`s Award.
ILTA President Kirk Sterling presented the award at the organization`s annual
meeting July 10, 2009, in East Peoria, Illinois. Founded more than 100 years
ago, non-profit ILTA is the state trade association representing title agents,
abstractors and underwriters in all 102 Illinois counties.
ILTA`s President's Award is a special recognition given to individuals who took
on additional work during the year to help the association achieve its goals.
"Mike co-chaired our legislative committee, which bears the enormous burden of
reviewing all bills from both the Illinois Senate and the House that could
impact the title business in Illinois," explained Kirk Sterling, who recently
became the immediate past president of ILTA and is vice president/division
manager with Old Republic National Title Insurance Company. "Mike's commitment
to continue volunteering his extra time even after serving in the capacity as
president of the ILTA shows that he is truly dedicated to our business and to
our association."
Brandt is both a past president of the ILTA and 2005 winner of the
organization`s President`s Award.
Sterling added, "Through Mike's efforts along with the rest of the Legislative
Committee we were successful in introducing a `Good Funds` Bill that will
benefit all title companies doing business in Illinois."
The Good Funds Bill would provide protection for Illinois title insurance
companies with respect to escrow transactions. If passed, it would require that
all funds over a certain dollar amount originating from a single party to a real
estate transaction be wired funds as opposed to personal or cashier`s checks,
thereby guaranteeing the transfer of funds without delay. It is also a
fraud-protection measure. The funds would be unconditionally held in the escrow
account for the closing agent to draw upon for disbursement at the appropriate
time.
Working from ATG`s Champaign, IL office, Brandt oversees title insurance claims
and legislative matters for ATG. In addition to his current responsibilities,
Brandt has extensive experience in title underwriting. He started with ATG in
1984 after four years as a private practitioner in LaSalle-Peru, Illinois.
Brandt earned his B.A. in 1975 from the University of Illinois at
Urbana-Champaign, and later received his J.D. (Magna Cum Laude, Order of the
Coif) in 1979 from the school`s College of Law.
About Attorneys` TitleGuaranty Fund, Inc.
Through its nearly 4,000 member attorneys across Illinois, southern Wisconsin
and northern Indiana, ATG has presided over 2.5 million home closings and
provided homebuyers with competitively priced title insurance since 1964. The
only bar-related title insurance company based in Illinois, ATG has built a
significant market share by providing excellent service at competitive prices.
It has a financial stability rating of "A Prime Unsurpassed" from the
independent ratings bureau, Demotech.
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