LIFE CARE-REFUND ENTRANCE FEE

Amends the Life Care Facilities Act. Provides that a resident of a facility may, upon 60 days' written notice of the intent to vacate, cancel a life care contract for any reason. Provides that, upon vacating the unit, a resident or the resident's estate cancelling a life care contract shall provide written notice to the owner or manager of the facility that the unit is vacated. Provides that the unit may be restored to the unit's original condition upon the resident vacating. Provides that in the case of a life care contract that provides for a refundable entrance fee, the facility shall assign the vacated unit a sequential refund number among all the available units with refundable entrance fees once the unit is restored but not later than 60 days following receipt of the notice that the unit is vacated after the date that all the conditions for issue a sequential refund number, as provided in the life care contract, are fulfilled.