|
| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB4765 Introduced 2/6/2024, by Rep. Robyn Gabel SYNOPSIS AS INTRODUCED:
| | | Amends the Life Care Facilities Act. Provides that, when a resident vacates a facility, any entrance fee paid under the life care contract that is refundable shall be refunded when the vacated living unit is released or resold by the facility or within 150 days after the resident has vacated the facility, whichever comes first. |
| |
| | A BILL FOR |
|
|
| | HB4765 | | LRB103 37267 CES 67388 b |
|
|
| 1 | | AN ACT concerning regulation.
|
| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
|
| 4 | | Section 5. The Life Care Facilities Act is amended by |
| 5 | | adding Section 13 as follows:
|
| 6 | | (210 ILCS 40/13 new) |
| 7 | | Sec. 13. When a resident vacates a facility, any entrance |
| 8 | | fee paid under the life care contract that is refundable under |
| 9 | | the terms of the life care contract shall be refunded when the |
| 10 | | vacated living unit is released or resold by the facility or |
| 11 | | within 150 days after the resident has vacated the facility, |
| 12 | | whichever comes first. |