IL HB4752

Amends the Life Care Facilities Act to require providers to send annual pre-sale disclosure data on entry fee refunds by January 31 to current residents, former residents awaiting refunds, and estates of deceased residents awaiting refunds

Units belonging to former residents or their estates who have not received refundable entry fee refunds must be made available for viewing within 7 business days upon request, with annual notification of this option by January 31

Providers who convert units from life care contracts to month-to-month rentals must notify former residents and estates still awaiting refunds that the unit is indefinitely off the resale market

Estates of former residents awaiting refundable entry fees may close within 12 months after the resident's death, with any future refund funds to be held by the State Treasurer

Life care contracts cannot require residents or their families to pay fees on a unit for more than 30 days after the resident has vacated the premises