New Jersey Statutes 52:27D-360.2. Receipt of disclosure statement, explanation by prospective resident
Current as of: 2023 | Check for updates
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Terms Used In New Jersey Statutes 52:27D-360.2
- Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
2. a. Each prospective resident is entitled to receive a copy of a disclosure statement from the facility, as well as an explanation written in clear and plain language of the rights and responsibilities of a resident, prior to the execution of a continuing care agreement. The prospective resident shall have up to 30 days to review the copy of the disclosure statement and the written explanation prior to executing the continuing care agreement.
b. Within 30 days after signing a continuing care agreement, the resident may cancel the agreement and receive a full refund, except for the application fee.
c. A resident may wait to occupy a unit until the end of the 30-day rescission period.
d. Each resident shall receive a copy of the rules and regulations regarding the resident’s responsibilities and conduct acceptable to the facility.
L.2013, c.167, s.2.