Illinois General Assembly - Illinois Compiled Statutes

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765 ILCS 935/35

(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.)