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.

Certain articles within this post were linked and referenced with the permission of, through our exciting content collaboration with them. To access Mondaq’s large database of articles written by top law firm lawyers from around the world, you must leave our site and create a free account on theirs.

Written by Chris.