Ch. 325                                    LAWS OF MARYLAND

(20) Provide that the facility will make available to
the subscriber, upon request, any certified financial statement
transmitted to the Office [on Aging.];

(21)  Where applicable, describe the conditions under
which the provider may be issued a [final] certificate of
registration, may use escrowed deposits, and, state the amount of
the subscriber's deposit that may be used upon issuance of a
[final] certificate of registration[.];

(22)  STATE THAT FEES COLLECTED BY A PROVIDER UNDER
THE TERMS OF A CONTINUING CARE AGREEMENT MAY NOT BE USED FOR
PURPOSES OTHER THAN THOSE SET FORTH IN THE AGREEMENT; AND

(23)  CONTAIN IN CAPITAL LETTERS IN PRINT NO SMALLER
THAN THE LARGEST TYPE USED IN THE AGREEMENT AND UNDERLINED: "A
PRELIMINARY CERTIFICATE OF REGISTRATION OR CERTIFICATE OF
REGISTRATION IS NOT AN ENDORSEMENT OR GUARANTEE OF THIS FACILITY
BY THE STATE OF MARYLAND. THE MARYLAND OFFICE ON AGING URGES YOU
TO CONSULT WITH AN ATTORNEY AND A SUITABLE FINANCIAL ADVISOR
BEFORE SIGNING ANY DOCUMENTS."

(b) This section shall not apply to any continuing care
agreements entered into prior to July 1, 1980.

[(c) Any agreement submitted to the Office pursuant to § 11
which does not contain the above disclosures shall be returned to
the facility for amendment. No certificate of registration shall
be issued by the Office unless and until the agreement meets the
requirements of this section.]

15.

No CONTINUING CARE agreement [for care] shall permit
dismissal or discharge of the subscriber from the facility
providing care prior to the expiration of the agreement without
just cause for such [a] removal and without providing advance
notice of at least 60 days. If a facility terminates a
subscriber for just cause, the facility shall pay to the
subscriber, NO LATER THAN 60 DAYS AFTER THE DATE OF DISMISSAL OR
DISCHARGE, a refund equal to the entrance fee divided by the
subscriber's years of expected lifetime at admission multiplied
by the subscriber's years of expected lifetime at discharge or
dismissal. Years of expected lifetime shall be computed for both
purposes on the basis of the life tables most recently published
by the U.S. Department of Health and Human Services at the time
of discharge or dismissal.

22.

(a) A FEASIBILITY STUDY APPROVAL MAY BE DENIED FOR CAUSE BY
THE OFFICE AND A PRELIMINARY CERTIFICATE OF REGISTRATION,
certificate of registration, or renewal certificate may be

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