New Jersey A4175 requires residential psychiatric and long-term care facilities to provide quarterly financial accounting statements to residents and.
New Jersey A4175 mandates that residential psychiatric and long-term care facilities provide quarterly financial accounting statements to residents and other designated individuals. These statements must detail the resident's funds, deposited property, and all financial transactions, including deposits and withdrawals. The bill expands the requirement to include more types of facilities, such as dementia care homes, inpatient psychiatric facilities, and continuing care residential communities.
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