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MD SB560

MD SB560
Continuing Care Retirement Communities - Refunds


summary

Introduced
02/04/2026
In Committee
02/04/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

Requiring a provider of a continuing care retirement community to pay any contractual entrance fee refund not later than 2 years after a continuing care agreement is terminated.

AI Summary

This bill amends existing law to require providers of continuing care retirement communities, which are facilities offering housing, meals, and healthcare services to residents, to pay any contractual entrance fee refund to a resident or their estate within two years of the continuing care agreement being terminated, regardless of whether the resident's unit has been reoccupied by a new resident.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Senate Finance Hearing (13:00:00 2/27/2026 ) (on 02/27/2026)

bill text


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