093_HB2550eng

 
HB2550 Engrossed                     LRB093 09802 LCB 10047 b

 1        AN ACT concerning mortgages.

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

 4        Section  5.   The  Mortgage Certificate of Release Act is
 5    amended by changing Section 90 as follows:

 6        (765 ILCS 935/90)
 7        (Section scheduled to be  repealed  on  January  1,  2006
 8    2004)
 9        Sec.  90.  Repeal.   This  Act  is repealed on January 1,
10    2006 2004.  A certificate  of  release  executed  during  the
11    period  in  which this Act is in effect is valid and entitled
12    to recording.   Any  certificate  of  release  of  record  is
13    effective as provided in Section 35 of this Act.
14    (Source: P.A. 92-765, eff. 8-6-02.)

15        Section  99.  Effective date.  This Act takes effect upon
16    becoming law.