Illinois Compiled Statutes 765 ILCS 930/5 – Application
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Terms Used In Illinois Compiled Statutes 765 ILCS 930/5
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
This Act applies to mortgages entered into on or after the effective date of this Act and only to the principal single family residence of the mortgagor.