MORTGAGE DEBT-RELEASE Senate SponsorsSen. Michael E. Hastings House Sponsors(Rep. Daniel Didech) 8/1/2025SenatePublic Act . . . . . . . . . 104-0101 765 ILCS 905/17 newAmends the Mortgage Act. Provides that the Act does not abrogate the Illinois common law that the payment in full of a debt secured by a mortgage extinguishes the lien. Provides that payment in full of a debt secured by a mortgage pursuant to a payoff statement, as defined in the Mortgage Certificate of Release Act, issued by or on behalf of the holder of the indebtedness extinguishes the lien of the mortgage. Effective immediately. 1/31/2025SenateFiled with Secretary by Sen. Michael E. Hastings 1/31/2025SenateFirst Reading 1/31/2025SenateReferred to Assignments 2/11/2025SenateAssigned to Judiciary 2/20/2025SenateDo Pass Judiciary; 006-000-000 2/20/2025SenatePlaced on Calendar Order of 2nd Reading February 25, 2025 2/27/2025SenateSecond Reading 2/27/2025SenatePlaced on Calendar Order of 3rd Reading March 4, 2025 4/4/2025SenatePlaced on Calendar Order of 3rd Reading ** 4/9/2025SenatePlaced on Calendar Order of 3rd Reading 4/9/2025SenateThird Reading - Passed; 056-000-000 4/9/2025HouseArrived in House 4/10/2025HouseChief House Sponsor Rep. Daniel Didech 4/10/2025HouseFirst Reading 4/10/2025HouseReferred to Rules Committee 4/17/2025HouseAssigned to Judiciary - Civil Committee 4/23/2025HouseDo Pass / Short Debate Judiciary - Civil Committee; 019-000-000 4/23/2025HousePlaced on Calendar 2nd Reading - Short Debate 5/16/2025HouseSecond Reading - Short Debate 5/16/2025HouseHeld on Calendar Order of Second Reading - Short Debate 5/22/2025HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/22/2025HouseThird Reading - Short Debate - Passed 113-000-000 5/22/2025SenatePassed Both Houses 6/20/2025SenateSent to the Governor 8/1/2025SenateGovernor Approved 8/1/2025SenateEffective Date August 1, 2025 8/1/2025SenatePublic Act . . . . . . . . . 104-0101