Every deed conveying real estate, which shall appear to have been intended only as a security in the nature of a mortgage, though it be an absolute conveyance in terms, shall be considered as a mortgage.
765 ILCS 905/5
Every deed conveying real estate, which shall appear to have been intended only as a security in the nature of a mortgage, though it be an absolute conveyance in terms, shall be considered as a mortgage
Known as the Mortgage Act
The act spans §§ 765-905-0-01 to 765-905-5 (12 sections).
Laws 1961, 1st Spec.Sess., p. 42.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.