An Act relative to disclosing continuing care retirement community entrance fees

This bill requires continuing care retirement communities in Massachusetts to provide prospective residents with a specific document before they pay their entrance fees. The document must clearly state the amount of money the facility will refund if the resident leaves or passes away, along with the rules and steps for processing that refund. This requirement aims to ensure that residents fully understand their financial protections and the refund process before committing to a contract. The rule does not apply to fees paid simply to join a waiting list for a facility.