Illinois Compiled Statutes 765 Property: Article -

• Illinois Mortgage Escrow Account Act. - 765 ILCS 910, Section 1
  This Act shall be known as the "Mortgage Escrow Account Act". (Source: P.A. 79-625.)
• Illinois Mortgage Escrow Account Act. - 765 ILCS 910, Section 2
  As used in this Act, unless the context requires otherwise: (a) "Escrow Account" means any account established by the mortgage lender in conjunction with a...
• Illinois Mortgage Escrow Account Act. - 765 ILCS 910, Section 3
  Escrow Accounts or escrow-like arrangements established after the effective date of this Act in conjunction with mortgage agreements for single-family owner occupied residential property...
• Illinois Mortgage Escrow Account Act. - 765 ILCS 910, Section 4
  On or after the effective date of this Act, each mortgage lender in conjunction with the granting or servicing of a mortgage on a single-family...
• Illinois Mortgage Escrow Account Act. - 765 ILCS 910, Section 5
  When the mortgage is reduced to 65% of its original amount by payments of the borrower, timely made according to the provisions of the...
• Illinois Mortgage Escrow Account Act. - 765 ILCS 910, Section 6
  In lieu of the mortgage lender establishing an escrow account or an escrow-like arrangement, a borrower may pledge an interest bearing time deposit with...
• Illinois Mortgage Escrow Account Act. - 765 ILCS 910, Section 6.5
  Homeownership preservation program. (a) For purposes of this Section, "Homeownership Preservation Program" means (1) a program that is expressly intended to assist homeowners by refinancing...
• Illinois Mortgage Escrow Account Act. - 765 ILCS 910, Section 7
  The borrower shall not have the right to terminate any such arrangement under Section 5 in conjunction with mortgages insured, guaranteed, supplemented, or assisted...
• Illinois Mortgage Escrow Account Act. - 765 ILCS 910, Section 8
  If after terminating an escrow arrangement under the conditions of this Act, the borrower does not furnish to the lender sufficient evidence of payment...
• Illinois Mortgage Escrow Account Act. - 765 ILCS 910, Section 9
  Failure of any mortgage lender operating within this State to comply with the provisions of this Act shall entitle the borrower to actual damages...
• Illinois Mortgage Escrow Account Act. - 765 ILCS 910, Section 10
  The provisions of this Act shall not be applicable to a mortgage lender using the capitalization method of accounting for receipt of payments for...
• Illinois Mortgage Escrow Account Act. - 765 ILCS 910, Section 11
  Notice of the requirements of the Act shall be furnished in writing to the borrower at the date of closing. (Source: P.A. 79-625.)
• Illinois Mortgage Escrow Account Act. - 765 ILCS 910, Section 12
  This Act takes effect on January 1, 1976. (Source: P.A. 79-625.)
• Illinois Mortgage Escrow Account Act. - 765 ILCS 910, Section 15
  Notice of tax payments. (a) When any mortgage lender pays the property tax from an escrow account, the mortgage lender must give the borrower written...

Last modified: February 18, 2015