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NY A10816
Bill
Status
Introduced
4/1/2026
Primary Sponsor
Jennifer Lunsford
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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