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NY A10816

Bill

Status

Introduced

4/1/2026

Primary Sponsor

Jennifer Lunsford

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Origin

Assembly

2025-2026 General Assembly

AI Summary

Legislative Description

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.

Last Action

referred to health

4/1/2026

Committee Referrals

Health4/1/2026

Full Bill Text

No bill text available