Illinois Chapter 815 Business Transactions
815 ILCS 155/ Student Loans to Minors Act.Code Resources
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(815 ILCS 155/0.01) (from Ch. 17, par. 6300)
Sec. 0.01.
Short title.
This Act may be cited as the
Student Loans to Minors Act.
(Source: P.A. 86‑1324.)
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(815 ILCS 155/1) (from Ch. 17, par. 6301)
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.)
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