Illinois Compiled Statutes 735 ILCS 5/15-1212 – Owner of Redemption
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Terms Used In Illinois Compiled Statutes 735 ILCS 5/15-1212
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
“Owner of redemption” means a mortgagor, or other owner or co-owner of the mortgaged real estate.