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Illinois considers adding to list of authorized persons in Mortgage Act
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Legislative Developments
Wednesday, March 27, 2019
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The Illinois General Assembly is considering a bill that would amend the Mortgage Act to add “a person authorized by the mortgagor, grantor, heir, legal representative or assign” to the list of those who may request that the mortgagee of real property make, execute and deliver an instrument in writing releasing a mortgage or deed of trust, as well as other amendments. Read on for more details.
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