Title: Section 901.1 - Pre-contract disclosure

Effective Date

07/27/1994

Section 901.1 Pre-contract disclosure. (a) Prior to the execution of a contract, or before the transfer of any money other than a refundable priority reservation application fee or a priority reservation fee to the operator by or on behalf of a prospective resident, whichever occurs first, the operator shall deliver to the person with whom the contract is to be entered into or the person's legal representative:

(1) the most recent annual statement required pursuant to Section 901.8 of this Part; and

(2) an initial disclosure statement including the information contained in the contract unless the contract is attached to and made part of the initial disclosure statement. Such disclosure statement shall be prepared in accordance with subdivision 900.3(c)(14) of Part 900.

(b) The operator shall designate knowledgeable personnel to be available to prospective residents to provide information and answer questions regarding the community and its operation, the disclosure statement, the life care contract and the annual statement.
 

Volume

VOLUME E (Title 10)

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