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Blog Bite: Does a promissory note with interest rate and maturity date information provide valid notice for a mortgage which references it?

This article United States: Legislature And Court Clarify Illinois Mortgage Law discusses an Illinois court decision which determined that providing the interest rate and maturity date of a mortgage by reference to a promissory note was valid and constructive notice of the interest rate and maturity date of the mortgage.

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  • Promissory Note

This article is provided for informational purposes only and does not create a lawyer-client relationship with the reader. It is not legal advice and should not be regarded as such. Any reliance on the information is solely at the reader’s own risk.

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