Illinois Compiled Statutes 765 ILCS 935 Mortgage Certificate of Release Act. Section 35

    (765 ILCS 935/35)

    Sec. 35. Effect of recording certificate of release. For purposes of releasing the lien of the mortgage, a certificate of release containing the information and statements provided for in Section 20 and executed as provided in Section 25 is prima facie evidence of the facts contained therein, and upon being recorded with the recorder, shall constitute a release of the lien of the mortgage described in the certificate of release. The title insurance company or title insurance agent recording the certificate of release may use the recording fee it may have collected for the recording of a release or satisfaction of the mortgage to effect the recording of the certificate of release.

(Source: P.A. 92-765, eff. 8-6-02; 93-428, eff. 12-31-03.)

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Last modified: February 18, 2015