765 ILCS 905/17

765 ILCS 905/17
in effect
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(765 ILCS 905/17) Sec. 17. Notwithstanding any other provisions of this Act: (1) The Act does not abrogate the Illinois common law that the payment in full of a debt secured by a mortgage extinguishes the lien. (2) Payment in full of a debt secured by a mortgage pursuant to a payoff statement, as defined in Section 5 of the Mortgage Certificate of Release Act, issued by or on behalf of the holder of the indebtedness extinguishes the lien of the mortgage. (Source: P.A. 104-101, eff. 8-1-25.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

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