Illinois Compiled Statutes 765 ILCS 905 Mortgage Act. Section 5

    (765 ILCS 905/5) (from Ch. 95, par. 55)

    Sec. 5. Every deed conveying real estate, which shall appear to have been intended only as a security in the nature of a mortgage, though it be an absolute conveyance in terms, shall be considered as a mortgage.

(Source: Laws 1961, 1st Spec.Sess., p. 42.)

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Last modified: February 18, 2015