HB4752 amends the Life Care Facilities Act to enhance transparency and protect residents in life care facilities.
HB4752 amends the Life Care Facilities Act by requiring providers to deliver a pre-sale disclosure to consumers before executing a refundable life care contract. This disclosure must include specific data on refund timelines and percentages of contracts with extended wait times. The bill also mandates that units belonging to former residents and their estates, who have not yet received refunds for refundable entry fees, be made available for viewing upon request.
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