§ 1 Short title
§ 5 Legislative findings
§ 10 Definitions
§ 15 Transfer fee covenant prohibition

Terms Used In Illinois Compiled Statutes > 765 ILCS 155

  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Grantor: The person who establishes a trust and places property into it.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.