(765 ILCS 905/0.01) (from Ch. 95, par. 50) Sec. 0.01. Short title. This Act may be cited as the Mortgage Act. (Source: P.A. 86-1324.) (765 ILCS 905/1) (from Ch. 95, par. 51) Sec. 1. Any mortgage heretofore or hereafter executed by a public utility (as defined in Section 3-105 of The Public Utilities Act), […]
(765 ILCS 910/1) (from Ch. 17, par. 4901) Sec. 1. This Act shall be known as the “Mortgage Escrow Account Act”. (Source: P.A. 79-625.) (765 ILCS 910/2) (from Ch. 17, par. 4902) Sec. 2. As used in this Act, unless the context requires otherwise: (a) “Escrow Account” means any account established by the mortgage […]
(765 ILCS 915/0.01) (from Ch. 17, par. 5000) Sec. 0.01. Short title. This Act may be cited as the Mortgage Tax Escrow Act. (Source: P.A. 86-1324.) (765 ILCS 915/1) (from Ch. 17, par. 5001) Sec. 1. No agreement for the mortgage of a single-family residence shall contain any requirement that the mortgagor of the […]
(765 ILCS 920/0.01) (from Ch. 95, par. 70) Sec. 0.01. Short title. This Act may be cited as the Mortgage Payment Statement Act. (Source: P.A. 86-1324.) (765 ILCS 920/1) (from Ch. 95, par. 71) Sec. 1. As used in this Act: “Agreement” means any mortgage, trust deed or other conveyance having the effect of […]
(765 ILCS 925/1) (from Ch. 67 1/2, par. 901) Sec. 1. This Act shall be known and may be cited as the Notice of Prepayment of Federally Subsidized Mortgage Act. (Source: P.A. 85-1438.) (765 ILCS 925/2) (from Ch. 67 1/2, par. 902) Sec. 2. It is the purpose of this Act to preserve and […]
(765 ILCS 930/1) Sec. 1. Short Title. This Act may be cited as the Mortgage Insurance Limitation and Notification Act. (Source: P.A. 90-455, eff. 7-1-98.) (765 ILCS 930/5) Sec. 5. Application. This Act applies to mortgages entered into on or after the effective date of this Act and only to the principal single family […]
(765 ILCS 935/1) Sec. 1. Short Title. This Act may be cited as the Mortgage Certificate of Release Act. (Source: P.A. 92-765, eff. 8-6-02.) (765 ILCS 935/5) Sec. 5. Definitions. As used in this Act: “Hold-harmless agreement” means a letter whereby a title insurance company, as defined in the Title Insurance Act, agrees to […]
(765 ILCS 940/1) Sec. 1. Short title. This Act may be cited as the Mortgage Rescue Fraud Act. (Source: P.A. 94-822, eff. 1-1-07.) (765 ILCS 940/5) Sec. 5. Definitions. As used in this Act: “Distressed property” means residential real property consisting of one to 6 family dwelling units that is in foreclosure or at […]
(765 ILCS 945/1) Sec. 1. Short title. This Act may be cited as the Reverse Mortgage Act. (Source: P.A. 99-331, eff. 1-1-16.) (765 ILCS 945/5) Sec. 5. General definitions. As used in this Act, unless the context otherwise requires: “Borrower” means a natural person who seeks or obtains a reverse mortgage. “Business day” means […]
