Bill
Bill > S417
summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation relative to disclosing continuing care retirement community entrance fees. Elder Affairs.
AI Summary
This bill amends the state's laws regarding continuing care retirement communities (CCRCs) to require providers to give prospective residents a separate document that clearly states the amount of the entrance fee that will be refunded to the resident when they leave the facility or die, as well as the terms, conditions, and explanation of the refund process. Residents must sign this disclosure statement before paying the full entrance fee. This requirement does not apply to fees paid to get on a waiting list for a CCRC.
Committee Categories
Health and Social Services
Sponsors (4)
Last Action
Accompanied H746 (on 10/25/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/S417 |
| Bill | https://malegislature.gov/Bills/192/S417.pdf |
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