Peoria County Full Release of Memorandum of an Installment Sales Contract Form
Last validated May 27, 2026 by our Forms Development Team
Peoria County Full Release of Memorandum of an Installment Sales Contract Form
Fill in the blank Full Release of Memorandum of an Installment Sales Contract form formatted to comply with all Illinois recording and content requirements.

Peoria County Full Release of Memorandum of an Installment Sales Contract Guide
Line by line guide explaining every blank on the Full Release of Memorandum of an Installment Sales Contract form.

Peoria County Completed Example of the Full Release of Memorandum of an Installment Sales Contract Document
Example of a properly completed Illinois Full Release of Memorandum of an Installment Sales Contract document for reference.
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Where to Record Your Documents
Recorder of Deeds
Peoria, Illinois 61602
Hours: Office Hours: Monday–Friday 8:30am–5:00pm / Recording Hours: Monday–Friday 8:30am–4:30pm
Phone: (309) 672-6090
Recording Tips for Peoria County:
- Bring your driver's license or state-issued photo ID
- Avoid the last business day of the month when possible
- Recorded documents become public record - avoid including SSNs
- Make copies of your documents before recording - keep originals safe
Cities and Jurisdictions in Peoria County
Properties in any of these areas use Peoria County forms:
- Brimfield
- Chillicothe
- Dunlap
- Edelstein
- Edwards
- Elmwood
- Glasford
- Hanna City
- Kingston Mines
- Laura
- Mapleton
- Mossville
- Peoria
- Peoria Heights
- Princeville
- Rome
- Trivoli
Hours, fees, requirements, and more for Peoria County
How do I get my forms?
Forms are available for immediate download after payment. The Peoria County forms will be in your account ready to download to your computer. An account is created for you during checkout if you don't have one. Forms are NOT emailed.
Are these forms guaranteed to be recordable in Peoria County?
Yes. Our form blanks are guaranteed to meet or exceed the applicable formatting requirements used for recording in Peoria County, including margin requirements, font requirements, and other layout standards. This guarantee applies to formatting, not to the legal sufficiency of information entered by the user or the suitability of a form for a particular transaction.
Can I reuse these forms?
Yes. You can reuse the forms for your personal use. For example, if you have multiple properties in Peoria County you only need to order once.
What do I need to use these forms?
The forms are PDFs that you fill out on your computer. You'll need Adobe Reader (free software that most computers already have). You do NOT enter your property information online - you download the blank forms and complete them privately on your own computer.
Are there any recurring fees?
No. This is a one-time purchase. Nothing to cancel, no memberships, no recurring fees.
How much does it cost to record in Peoria County?
Recording fees in Peoria County vary. Contact the recorder's office at (309) 672-6090 for current fees.
Questions answered? Let's get started!
(A memorandum of the contract shall be titled "Memorandum of an Installment Sales Contract" )(765 ILCS 67/20)
Releasing a Memorandum of Installment Payment Contract in Illinois is important for several reasons, primarily related to clearing the title and confirming that the contractual obligations have been fulfilled. Here's why you might need to release a memorandum:
1. Clear the Property's Title
A Memorandum of Installment Payment Contract is typically filed to provide public notice that a contract exists between a buyer and a seller for the purchase of real estate under an installment payment agreement. This filing creates a cloud on the title, which means that anyone looking at the property records will see that there is an outstanding contract involving the property.
When the buyer finishes making all payments under the installment contract or the contract is otherwise terminated, a release must be filed to remove the cloud from the title. Without the release, it can create complications for future sales, refinances, or transfers of the property.
2. Confirm the Satisfaction or Termination of the Contract The release acts as a formal acknowledgment that the buyer has either:
Fulfilled their payment obligations and now owns the property outright, or
The contract has been canceled or terminated for other reasons (such as the buyer defaulting or both parties mutually agreeing to terminate).
Recording the release ensures that there is no misunderstanding or dispute regarding the status of the contract.
3. Enable the Buyer to Obtain Full Ownership
Under an installment payment contract, the seller retains the legal title to the property until the contract is fully paid off. Once the buyer completes their payments, they are entitled to full legal ownership.
Filing a release of the memorandum makes it clear in the public record that the installment contract has been completed, and the buyer can take full legal title to the property without any remaining encumbrances from the contract.
4. Facilitate Future Transactions
If the memorandum is not released, future buyers, lenders, or title companies will see the memorandum on the property’s title. This may make it difficult or impossible for the buyer to sell or refinance the property because it looks like there is still an outstanding installment contract.
A release ensures that the property is free from claims under the installment contract, making it easier for the buyer to proceed with any future real estate transactions.
5. Protect Both Parties
For the seller, recording the release ensures they have formally concluded their legal obligations under the contract.
For the buyer, it ensures that they have clear title to the property and there are no ongoing claims or obligations under the installment contract.
Legal and Procedural Considerations:
Once the contract is fulfilled or terminated, both the buyer and seller should sign a Release of Memorandum of Installment Contract and file it with the county recorder’s office where the original memorandum was recorded. This officially clears the property’s title.
In Illinois, failing to release a memorandum after the contract has been satisfied can cause legal and financial complications for both parties.
Important: Your property must be located in Peoria County to use these forms. Documents should be recorded at the office below.
This Full Release of Memorandum of an Installment Sales Contract meets all recording requirements specific to Peoria County.
Our Promise
The documents you receive here are guaranteed to meet or exceed the applicable Peoria County recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.
Save Time and Money
Get your Peoria County Full Release of Memorandum of an Installment Sales Contract form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.
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Linda H.
February 5th, 2026
This was so easy to download, open the files and then complete the document on the computer then printing out. I waited to review this until we took it to Courthouse for the Recorder of Deeds and the legal task is now done. An attorney would probably have charge $300. This is a real deal packet!
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September 16th, 2021
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October 5th, 2022
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November 17th, 2019
The forms were easy to use but there was a software issue that made it impossible to get the county name to appear on the form in the correct place. It made the deed look a little sloppy
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August 30th, 2022
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May 25th, 2021
Download was easy to complete, but difficult to revisit site to review purchased forms on line. Suggest you download everything at one sitting to make sure you get everything you need from your purchase.
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August 22nd, 2025
The form and instructions were easy enough to follow if you had all the information.rnThe only drawback to the form was the length of text allowed for the name of the document (#4). The form self populates in multiple locations but when printed truncated the name if too many characters were used. I kept having to update the name of the document to allow for proper printing.
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August 23rd, 2020
The TODD form has been notarized and registered with my county Register of Deeds office, so it works just fine. My only quibble is that when I printed it out, it missed part of the last line of the notary's info and the fine print in the bottom corners. When I printed it at 90% scale, it included those things.
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May 12th, 2020
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