Just looking to clarify our understanding of section 4.1 of the IL Interest Act. It states "... shall agree to pay all expenses, including recording fees and otherwise, to release any such security interest of record whenever it no longer secures any credit under a revolving credit arrangement." By this statement, we understand that a county release recording fee should not be included on payoff quote letters. Would it be correct to assume that a lender should also not send the original unrecorded release to the borrowers after payoff of HELOC either, as that would essentially make them pay for the release recording even though not charged directly by the lender. In reading this, it sounds like a lender must complete and cover all costs for the entire release process (including recording with the county) on all paid/closed HELOCs.