Limits time continuing care retirement communities may retain refundable entrance fee.
Limits time continuing care retirement communities may retain refundable entrance fee.
Requires continuing care retirement community agreements to require refund of refundable entrance fees within one year.
Requires continuing care retirement community agreements to require refund of refundable entrance fees within one year.
Requires continuing care retirement community agreements to require refund of refundable entrance fees within one year.
LIFE CARE-REFUND ENTRANCE FEE
Entrance fee; refunds; time frame
Consumer protection: identity theft; identity theft protection act; modify. Amends secs. 3, 12 & 12b of 2004 PA 452 (MCL 445.63 et seq.); adds secs. 11a, 11b, 20, 20a, 20b & 20c & repeals secs. 15 & 17 of 2004 PA 452 (MCL 445.75 & 445.77).