IL HB2699

Adds gender-neutral language ("or her") throughout the Mortgage Act to refer to mortgagees, trustees, and their representatives.

Expands who may request mortgage release to include a person authorized by the mortgagor, grantor, heir, legal representative, or assign.

Changes the deadline for releasing a paid mortgage from "one month" to "30 days" after payment of the debt.

Requires mortgage release documents delivered to the mortgagor to display bold warning text (at least 1/4 inch height) instructing the owner to file the release with the recorder or registrar.

Maintains the $200 penalty for mortgagees who fail to comply with release requirements, but extends the 30-day deadline protection to successors in interest who comply within 30 days of succeeding to the mortgage.