Illinois has passed a revision to the Illinois Notary Public Act that will require all home sellers in Cook County to give a thumbprint before property can be transferred. This pilot program is set to start on June 1st. The purpose of the law is to deter housing fraud and will be required for the transfer of any kind of real estate. Being a pilot program, I assume that once it is implemented in Cook county it will expand to the rest of the State. The thumbprint will be taken by the person that notarizes the documents at the closing, and they can charge the seller up to $25.00 for taking the print.
Cook County is one of the largest Counties in Illinois and includes all of the City of Chicago.
Comments(0)