Bill Title: Reinserts the provisions of House Amendment No. 1 with the following changes. Clarifies that the pre-sale disclosure requirements apply only to life care contracts that are subject to refund. Provides that, upon request, current residents, former residents awaiting refunds, and the estates of former residents awaiting refunds shall be provided with the most recent entry fee refund disclosures. Provides that, if a payee for an entry fee refund cannot be determined, for purposes of calculating the data required in the pre-sale disclosure, a refund shall be considered complete when a new resident occupies the living unit.

Spectrum: Partisan Bill (Democrat 9-0)

Status: (Passed) 2024-08-09 - Public Act . . . . . . . . . 103-0812 [HB4276 Detail]

Text: Latest bill text (Chaptered) [HTML]

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