Bill > SB488

This bill, known as the Sue Hecht Continuing Care Retirement Community Transparency Act, makes several changes to how continuing care retirement communities (CCRCs) are governed and how they provide information to residents. A "provider" is defined as a person or entity that offers continuing care, which includes services like assisted living or nursing care for life, and operates a "facility," meaning the physical location where this care is provided. The bill requires providers to include their founding documents, such as articles of incorporation and bylaws, in their applications and disclosure statements submitted to the state. Crucially, it alters the requirements for the "governing body," which is the group that directs the CCRC's affairs, by changing how subscriber members (residents who have signed a continuing care agreement) are selected. Instead of the governing body selecting these members based on the same criteria as other board members, the resident association at each facility will now select regular and alternate subscriber members for the governing body, and these members are not required to meet the same qualifications as other board members. The bill also adjusts the number of subscriber representatives required on the governing body, particularly for providers with multiple facilities, and clarifies that these representatives are meant to advocate for the interests of the residents. Finally, it mandates that providers without a formal governing body must establish a committee to meet regularly with resident representatives to address concerns.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0488?ys=2026RS