Terms Used In Illinois Compiled Statutes 215 ILCS 5/1310

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
     No sponsorship fees, or other special fees designed to induce their participation, shall be paid to a financial institution in connection with any mortgage consolidation, and any compensation paid to either the financial institution or any of its representatives shall be only in accordance with Section 151 and all other applicable provisions of this Code.