HB6253 93RD GENERAL ASSEMBLY

LRB093 14596 LCB 40104 b

93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB6253

Introduced 02/06/04, by Tom Cross

SYNOPSIS AS INTRODUCED:

765 ILCS 905/3

from Ch. 95, par. 53

Amends the Mortgage Act. Makes a technical change in a Section concerning the release of a mortgage.

A BILL FOR

AN ACT in relation to property.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Mortgage Act is amended by changing Section 3 as follows:

(765 ILCS 905/3) (from Ch. 95, par. 53)

Sec. 3. Release of mortgage; acknowledgment. An instrument in writing which releases a mortgage or trust deed of real property may be acknowledged or proved in the same manner as deeds for the conveyance of land.

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