A10816Introduced in the Assembly
Classifies resident entrance fees for residents of continuing care retirement communities as an advance payment of services; imposes a statutory obligation to return any unearned entrance fee funds by an operator to the resident; provides that such statutory obligation shall not be deemed a general unsecured claim for purposes of a bankruptcy proceeding.
Introduced by Jennifer Lunsford, District 135
What does this bill do?
Plain-English breakdown
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Official description
Classifies resident entrance fees for residents of continuing care retirement communities as an advance payment of services; imposes a statutory obligation to return any unearned entrance fee funds by an operator to the resident; provides that such statutory obligation shall not be deemed a general unsecured claim for purposes of a bankruptcy proceeding.
Where it stands
referred to health
April 1, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
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Bill history
referred to health
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