Illinois § 15 Priority

Illinois Statutes

§ 15 — Priority

Illinois § 15

TopicRIGHTS AND REMEDIES

Ch. 770LIENS

Act 770 ILCS 15/Commercial Real Estate Broker Lien Act.

This text of Illinois § 15 (Priority) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

770 Ill. Comp. Stat. 15 (2026).

Text

Prior recorded liens and mortgages shall have priority over a broker's lien. A prior recorded lien shall include, without limitation, (i) a valid mechanic's lien claim that is recorded subsequent to the broker's notice of lien but which relates back to a date prior to the recording date of the broker's notice of lien; and (ii) prior recorded liens securing revolving credit and future advances of construction loans as described in Section 15-1302 of the Code of Civil Procedure.

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Prior recorded liens and mortgages shall have priority over a broker's lien. A prior recorded lien shall include, without limitation, (i) a valid mechanic's lien claim that is recorded subsequent to the broker's notice of lien but which relates back to a date prior to the recording date of the broker's notice of lien; and (ii) prior recorded liens securing revolving credit and future advances of construction loans as described in Section 15-1302 of the Code of Civil Procedure.

Legislative History

(Source: P.A. 87-779; 88-354.)

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Bluebook (online)

Illinois § 15, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/770/15.