2014 Senate Bill 886 ↩

House Roll Call 695: Passed

To repeal a law regulating the terms and sale of life estates, life leases, and long-term leases in nursing homes, retirement homes, homes for the aged, and foster care facilities, and replace it with a new law that styles these contracts as “continuing care agreements” and “continuing care communities,” which can also include independent living units and adult foster care facilities. The bill would impose detailed registration and disclosure requirements for entities that make such offers, and regulate the terms they offer.