Maryland SB560 regulates entrance fee refunds for subscribers in continuing care retirement communities.
Maryland SB560 amends the laws governing continuing care retirement communities, specifically addressing entrance fee refunds. If a subscriber terminates their agreement by death or election, the provider must pay any contractual entrance fee refund within a specified timeframe. The bill also mandates that providers report on efforts to reoccupy a subscriber's unit if the refund is contingent on reoccupancy. The act takes effect October 1, 2026.
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- Legal Framework
- Critical Issues
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