110 ILCS 992/5-55

(110 ILCS 992/5-55)

Sec. 5-55. Payoff statements. A servicer shall indicate on its website that a borrower may request a payoff statement. A servicer shall provide the payoff statement within 10 days, including information the requester needs to pay off the loan. If a payoff is made, the servicer must send a paid-in-full notice within 30 days.

(Source: P.A. 100-540, eff. 12-31-18.)