Bill > HB4752

This bill amends the Life Care Facilities Act to enhance protections for residents and former residents with refundable entry fee contracts. It mandates that providers must make the most current pre-sale disclosure data, which includes details on the timing of entry fee refunds, available annually by January 31st to current residents with refundable contracts, former residents awaiting their refunds, and the estates of deceased former residents who are also awaiting refunds. Additionally, units belonging to these former residents or their estates must be made available for viewing within 7 business days of a request, with notification of this option also sent annually by January 31st. The bill also introduces new provisions requiring providers to notify former residents and their estates if they switch from life care contracts to month-to-month rentals, and allows for the closure of an estate within 12 months of a resident's death, with any subsequent funds to be held by the State Treasurer. Finally, it clarifies that no life care contract can require a resident or their family to pay fees on a unit for more than 30 days after the resident has vacated the premises.

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https://www.ilga.gov/Legislation/BillStatus?DocNum=4752&GAID=18&DocTypeID=HB&SessionID=114&GA=104