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IllinoisSB1443104th General Assembly (2025–2026)SenateWALLET

MORTGAGE DEBT-RELEASE

Sponsored By: Michael E. Hastings (Democratic)

Became Law

Summary

Amends 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.

assignmentsjudiciaryjudiciary - civil

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Full payoff clears your mortgage lien

In Illinois, paying a mortgage in full ends the mortgage lien. The law confirms this rule under Illinois common law. It also ends the lien when you pay using a valid payoff statement. The payoff statement must come from the loan holder or its agent. The term "payoff statement" matches the Mortgage Certificate of Release Act. The law is now in effect in Illinois.

Sponsors & Cosponsors

Sponsor

  • Michael E. Hastings

    Democratic • Senate

Cosponsors

  • Daniel Didech

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 194 • No: 0

House vote • 5/22/2025

Third Reading - Short Debate - Passed

Yes: 113 • No: 0

House vote • 4/23/2025

Do Pass / Short Debate Judiciary - Civil Committee;

Yes: 19 • No: 0

Senate vote • 4/9/2025

Third Reading - Passed;

Yes: 56 • No: 0

Senate vote • 2/20/2025

Do Pass Judiciary;

Yes: 6 • No: 0

Actions Timeline

  1. Public Act . . . . . . . . . 104-0101

    8/1/2025Senate

  2. Effective Date August 1, 2025

    8/1/2025Senate

  3. Governor Approved

    8/1/2025Senate

  4. Sent to the Governor

    6/20/2025Senate

  5. Passed Both Houses

    5/22/2025Senate

  6. Third Reading - Short Debate - Passed 113-000-000

    5/22/2025House

  7. Placed on Calendar Order of 3rd Reading - Short Debate

    5/22/2025House

  8. Held on Calendar Order of Second Reading - Short Debate

    5/16/2025House

  9. Second Reading - Short Debate

    5/16/2025House

  10. Placed on Calendar 2nd Reading - Short Debate

    4/23/2025House

  11. Do Pass / Short Debate Judiciary - Civil Committee; 019-000-000

    4/23/2025House

  12. Assigned to Judiciary - Civil Committee

    4/17/2025House

  13. Referred to Rules Committee

    4/10/2025House

  14. First Reading

    4/10/2025House

  15. Chief House Sponsor Rep. Daniel Didech

    4/10/2025House

  16. Arrived in House

    4/9/2025House

  17. Third Reading - Passed; 056-000-000

    4/9/2025Senate

  18. Placed on Calendar Order of 3rd Reading

    4/9/2025Senate

  19. Placed on Calendar Order of 3rd Reading **

    4/4/2025Senate

  20. Placed on Calendar Order of 3rd Reading March 4, 2025

    2/27/2025Senate

  21. Second Reading

    2/27/2025Senate

  22. Placed on Calendar Order of 2nd Reading February 25, 2025

    2/20/2025Senate

  23. Do Pass Judiciary; 006-000-000

    2/20/2025Senate

  24. Assigned to Judiciary

    2/11/2025Senate

  25. Referred to Assignments

    1/31/2025Senate

Bill Text

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