New York Assembly Bill 10816: 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.

New York · 2025-2026 session

Status: In committee

Latest action

referred to health (2026-04-01)

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