New York bills · 2025 Regular Session
New York A 10816
Relates to the classification of resident entrance fees for residents of continuing care retirement communities
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Jen Lunsford (Democratic/Working Families)
Summary
Official abstract published by the New York legislature
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.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Apr 1, 2026 · House
REFERRED TO HEALTH