Richland County Memorandum of an Installment Sales Contract Form
Richland County Memorandum of an Installment Sales Contract Form
Fill in the blank Memorandum of an Installment Sales Contract form formatted to comply with all Illinois recording and content requirements.
Richland County Memorandum of an Installment Sales Contract Guide
Line by line guide explaining every blank on the Memorandum of an Installment Sales Contract form.
Richland County Completed Example of the Memorandum of an Installment Sales Contract Document
Example of a properly completed Illinois Memorandum of an Installment Sales Contract document for reference.
All 3 documents above included • One-time purchase • No recurring fees
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Additional Illinois and Richland County documents included at no extra charge:
Where to Record Your Documents
Richland County Clerk/Recorder
Olney, Illinois 62450
Hours: 8:00 to 4:00 Monday through Friday
Phone: (618) 392-3111
Recording Tips for Richland County:
- Double-check legal descriptions match your existing deed
- Ask if they accept credit cards - many offices are cash/check only
- Leave recording info boxes blank - the office fills these
- Verify the recording date if timing is critical for your transaction
Cities and Jurisdictions in Richland County
Properties in any of these areas use Richland County forms:
- Calhoun
- Claremont
- Dundas
- Noble
- Olney
- Parkersburg
Hours, fees, requirements, and more for Richland County
How do I get my forms?
Forms are available for immediate download after payment. The Richland 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 Richland County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Richland County including margin requirements, content requirements, font and font size requirements.
Can I reuse these forms?
Yes. You can reuse the forms for your personal use. For example, if you have multiple properties in Richland 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 Richland County?
Recording fees in Richland County vary. Contact the recorder's office at (618) 392-3111 for current fees.
Questions answered? Let's get started!
The seller has the option of recording the Contract for Deed, or a Memorandum of Contract (within 10 business days of the date of sale of any residential real estate subject to an installment sales contract, and prior to any subsequent sale or other transfer of any interest in the residential real estate or contract by the seller, the seller shall record the contract or a memorandum of the contract with the county recorder of deeds. A memorandum of the contract shall be titled "MEMORANDUM OF AN INSTALLMENT SALES CONTRACT") ((765 ILCS 67/20(a))
In short an ("Installment sales contract" or "contract" means any contract or agreement, including a contract for deed, bond for deed, or any other sale or legal device whereby a seller agrees to sell and the buyer agrees to buy a residential real estate, in which the consideration for the sale is payable in installments for a period of at least one year after the date of sale, and the seller continues to have an interest or security for the purchase price or otherwise in the property. "Installment sales contract" does not include a financing arrangement that for religious or cultural reasons does not allow the imposition or collection of interest and that is offered by a person, partnership, association, limited liability company, or corporation doing business under and as permitted by any law of this State or the United States relating to banks, savings and loan associations, savings banks, credit unions, or third-party religious or cultural lenders.) ((765 ILCS 67/5)
Why record a Memorandum instead of a Contract?
Memorandum of Contract: This is useful when you want to protect certain details of the agreement while still providing public notice of its existence. It is appropriate for maintaining some level of privacy and avoiding the recording of lengthy or sensitive contract details.
Original Contract: Recording the original contract is beneficial when you need full legal protection and clarity. It ensures that all terms are public and enforceable, providing comprehensive protection against disputes and claims.
Important: Your property must be located in Richland County to use these forms. Documents should be recorded at the office below.
This Memorandum of an Installment Sales Contract meets all recording requirements specific to Richland County.
Our Promise
The documents you receive here will meet, or exceed, the Richland County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
Save Time and Money
Get your Richland County 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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November 6th, 2020
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December 24th, 2018
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