Power of Sale

735 ILCS 5/15-1405
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(735 ILCS 5/15-1405) (from Ch. 110, par. 15-1405) Sec. 15-1405. Power of Sale. No real estate within this State may be sold by virtue of any power of sale contained in a mortgage or any other agreement, and all such mortgages may only be foreclosed in accordance with this Article. (Source: P.A. 84-1462.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

Starting a business in Illinois? Illinois LLC guide: costs and requirements