Requires residential psychiatric and long-term care facilities to provide certain financial information to facility residents and other individuals.

This bill requires residential psychiatric and long-term care facilities in New Jersey to provide detailed quarterly financial statements to residents and designated individuals. The statements must include a record of all funds, property, and financial transactions, showing beginning and ending balances, deposits, withdrawals, and supporting receipts. Facilities affected include nursing homes, assisted living facilities, dementia care homes, inpatient psychiatric facilities, and continuing care communities. The bill expands current requirements by mandating these statements be provided to residents' next-of-kin and to individuals designated by residents who are wards of the State, aiming to prevent financial exploitation of vulnerable residents.