Form AER2486 Complete Release of Mortgage (Corp) - Illinois

What Is Form AER2486?

This is a legal form that was released by the Illinois Department of Transportation - a government authority operating within Illinois. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is AER2486?
A: AER2486 is a form used for completing the release of a mortgage in Illinois for a corporation.

Q: What is a release of mortgage?
A: A release of mortgage is a legal document that declares that a mortgage on a property has been fully paid off and is no longer a liability.

Q: Who uses AER2486?
A: AER2486 is used by corporations in Illinois for completing the release of a mortgage.

Q: What does AER2486 require?
A: AER2486 requires the corporation to provide information about the mortgage, including the original mortgagee, the mortgagor, and the property details.

Q: Is AER2486 specific to Illinois?
A: Yes, AER2486 is specific to Illinois and is used for completing the release of a mortgage in the state for corporations.

Q: Is AER2486 applicable to individuals?
A: No, AER2486 is specifically designed for corporations and is not applicable to individuals.

Q: Are there any fees associated with AER2486?
A: There may be fees associated with filing AER2486, such as recording fees or notary fees. The exact fees will vary depending on the county or jurisdiction.

Q: Can AER2486 be used for any type of mortgage?
A: AER2486 can be used for releasing mortgages on properties, regardless of the type of mortgage (e.g., residential, commercial).

Q: What happens after AER2486 is filed?
A: After AER2486 is filed, the mortgage release will be recorded in the county records, indicating that the mortgage has been fully paid off and released.