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A10816 Summary:

BILL NOA10816
 
SAME ASNo Same As
 
SPONSORLunsford
 
COSPNSR
 
MLTSPNSR
 
Add §4610-a, Pub Health L
 
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.
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