Loading chat...
MD SB560
Bill
Status
Introduced
2/4/2026
Primary Sponsor
Charles Sydnor
Click for details
AI Summary
- Requires continuing care retirement community providers to pay any contractual entrance fee refund no later than 2 years after the termination date of a continuing care agreement, regardless of whether the refund is conditioned on reoccupying the subscriber's unit
- Defines the termination date for subscriber-initiated terminations as the date the subscriber vacated the unit and removed all personal property
- Defines the termination date for death-related terminations as the date of the subscriber's death
- Amends Section 10–449 of the Maryland Human Services Article, adding a new subsection (f) to existing refund timeline requirements that already govern early terminations (within 90 days) and later terminations
- Takes effect October 1, 2026; introduced by Senator Sydnor and assigned to the Senate Finance Committee
Legislative Description
Continuing Care Retirement Communities - Refunds
Death
Last Action
Hearing 2/27 at 1:00 p.m.
2/12/2026
Committee Referrals
Finance2/4/2026
Full Bill Text
No bill text available