Student Loans to Minors Act (815 ILCS 155/)

Chapter 815 — Business Transactions

Loans and Credit

This text is maintained by the Legislative Reference Bureau for legislative drafting purposes and is NOT the official text of the Illinois Compiled Statutes; the only official copy is the printed copy maintained by the Secretary of State.

Sec. 0.01. Short title

This Act may be cited as the Student Loans to Minors Act.

(Source: P.A. 86-1324.)

Sec. 1.

Any student who has been accepted for admission to an institution in the State of Illinois approved by the State Superintendent of Public Instruction as an institution of higher education on either the undergraduate or graduate level shall be permitted to execute a legally binding promissory note for a loan necessary to attend or to continue in attendance at an institution of higher education, subject to approval by the institution of higher education attended.

(Source: Laws 1959, p. 2056.)