Sec. 10. Mortgage presently being paid off.
74 words·~1 min read·
/il/chapter-765/act-935/10A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 10. Mortgage presently being paid off. Receipt of payment pursuant to the lender's written payoff statement shall constitute authority to record a certificate of release. A certificate of release shall be delivered for recording to the recorder of each county in which the mortgage is recorded, together with the other documents from the new transaction, including a deed or new mortgage, or both by the title insurance company or its duly appointed agent.