Illinois Appellate Court
Civil Court
Mortgage Foreclosure
After court entered judgment of foreclosure, Defendant argued that mortgage was void because original lender was not licensed at time loan was originated pursuant to Residential Mortgage License Act of 1987. There is no public policy requiring that mortgage contracts be held void when an entity is not licensed pursuant to the License Act. Thus, court properly entered judgment of foreclosure and order approving sale in mortgage foreclosure action. (GORDON and LAMPKIN, concurring.)