1. The child-placing agency shall, within 60 days after receipt of confirmation of the parents’ intent to place the child for adoption and a completed application for adoption from the prospective adoptive parent or parents, complete a home study that investigates the medical, mental, financial and moral backgrounds of the prospective adoptive parents to determine the suitability of the home for placement of the child for adoption. The investigation must also embrace any other relevant factor relating to the qualifications of the prospective adoptive parents and may be a substitute for the investigation required to be conducted by the child-placing agency on behalf of the court when a petition for adoption is pending, if the petition for adoption is filed within 6 months after the completion of the investigation required by this subsection.
2. If the placement is to be made in a home outside of this State, the child-placing agency must receive a copy of a report, completed by the appropriate authority, of an investigation of the home and the medical, mental, financial and moral backgrounds of the prospective adoptive parents to determine the suitability of the home for placement of the child for adoption.