Sec. 2-701. Declaratory judgments. (a) No action or proceeding is open to objection on the ground that a merely declaratory judgment or order is sought thereby.A declaratory judgment can be a useful tool that helps you clarify your legal rights in advance of a lawsuit or before you've suffered a financial loss. This action must be brought in the court of competent jurisdiction based on the value of the property. Your claim amount is based on the value of the property. A declaratory judgment is a determination of rights without consequential relief. A Quiet Title action may be maintained only when one holds a legal or equitable interest in property that is superior to the alleged title defect. Declaratory judgment procedure in Illinois first was authorized in 1945 when the legislature added section 57.1 to the Illinois Practice Act, (Ill. Rev. Stat. Regard, Congress's enactment of the Declaratory Judgment Act filled an important gap in the avenues for relief for citizens of this country. The insurer in a declaratory judgment action.