SB 195

Abstract

Amends the Probate Act of 1975. Provides that no petition for the appointment of a guardian of a minor shall be filed if the primary purpose of the filing is to reduce the financial resources available to the minor in order to cause the minor to qualify for public or private financial assistance from an educational institution. Allows the court to deny such a petition if it finds that the primary purpose of the filing is to enable the minor to declare financial independence so that the minor may obtain public or private financial assistance from an educational institution or a State or federal student financial aid program. House Committee Amendment No. 1 Adds reference to: 815 ILCS 616/10 815 ILCS 616/15 815 ILCS 616/20 815 ILCS 616/25 815 ILCS 616/30 815 ILCS 616/40 815 ILCS 616/90 Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill with the following changes: Amends the Educational Planning Services Consumer Protection Act. Provides that upon the termination of the contract for any reason, the educational planning service provider shall provide a timely and accurate response to any postsecondary institution, agency, or other entity that contacts the provider in reference to the consumer, indicating that the provider no longer represents the consumer. Makes changes to disclosures an education planning service provider must provide in any marketing or advertising communications. Makes changes in provisions concerning purpose and construction; prohibitions and requirements; civil remedies and injunctions; and rules. Provides that the definition of "educational planning service provider" does not include an institution of high learning (rather than a not-for-profit or public institution of higher learning).