PocketLaw | Michigan Compiled Laws | 448 of 2014 - Continuing Care

448 of 2014 - Continuing Care Community Disclosure Act (554.901 - 554.993)

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Section
554.901

Short Title.

Section
554.903

Definitions; a to C.

Section
554.905

Definitions; D to L.

Section
554.907

Definitions; M to O.

Section
554.909

Definitions; P to R.

Section
554.911

Definitions; S.

Section
554.913

Continuing Care Community; Organization and Operation; Purpose; Member to Service in Advisory Capacity.

Section
554.915

Continuing Care Agreement; Registration or Exemption Required; Applicability to Written or Oral Arrangements; Offer or Sale; Conditions; Circumstances.

Section
554.917

Rules; Exemption; Variance; Area Not Considered Home for the Aged or Adult Foster Care Facility; Relationship Not Subject to Laws Between Landlord and Tenant.

Section
554.919

Initial Registration; Submission of Information; Missing or Unreliable Information; Cost of Investigation; Deposit of Payment; Registration of 2 or More Retirement Communities as Single Continuing Care Community; Consideration of Opinions, Appraisals, and Reports of Experts; Electronic Transmission of Application and Fee.

Section
554.921

Incomplete Application; Notification; Order Approving or Denying Registration.

Section
554.923

Effect of Order Approving or Filing Registration.

Section
554.925

Renewal of Registration; Application Form to Be Sent by Department.

Section
554.927

Application for Registration Renewal; Processing; Failure to Submit Application or Fee; Continuation of Current Registration; Failure to File Renewal Application.

Section
554.929

Extension of Registration; Requirements; Fees.

Section
554.931

Fees; Continuing Care Administration Fund; Creation; Disposition; Investment; Money Remaining at Close of Fiscal Year; Expenditures.

Section
554.933

Reportable Changes; Amendment of Registration.

Section
554.935

Delivery of Continuing Care Agreements, Emergency Plan, and Disclosure Statement; Availability of Feasibility Study.

Section
554.937

Disclosure Statement.

Section
554.939

Continuing Care Agreement; Requirements.

Section
554.941

Financial Statements; Requirements.

Section
554.943

Financial Forecast.

Section
554.945

Funds to Be Held in Trust Account; Deposit With Escrow Agent; Conditions; Temporary Suspension Order; Return of Escrowed Funds; Escrow Agreement and Account; Requirements; Release of Funds.

Section
554.947

Alternative Financial Arrangement.

Section
554.949

Records; Reports.

Section
554.951

Advertising or Marketing Communication.

Section
554.955

Offer or Sale of Continuing Care Agreement; Prohibited Acts.

Section
554.957

Appointment of Independent Conservator or Guardian.

Section
554.959

Arbitration.

Section
554.961

Service of Process; Irrevocable Consent Appointing Department.

Section
554.963

Investigations.

Section
554.965

Review and Audit of Documents and Records.

Section
554.967

Repayment of Entrance Fee; Temporary Suspension.

Section
554.969

Order Denying, Suspending, or Revoking Registration.

Section
554.971

Cease and Desist Order.

Section
554.973

Injunction, Restraining Order, or Writ of Mandamus.

Section
554.975

Civil Fine; Costs; Sanctions; Continuing Care Agreement as Voidable; Refund.

Section
554.977

Liability; Offer of Rescission.

Section
554.979

Liability by Implication; Liability Under Other Statute or Common Law.

Section
554.981

Person Materially Aiding in Act or Transaction Constituting Violation; Joint and Several Liability.

Section
554.983

Statute of Limitations.

Section
554.985

Violation as Felony; Penalty; Seizure and Forfeiture of Proceeds or Instrumentality of Crime.

Section
554.987

Promulgation of Rules.

Section
554.989

Disclosure of Filings; Exemption; Confidentiality of Social Security Numbers.

Section
554.991

Life Interest or Long-Term Lease Agreement Under Former Act.

Section
554.993

Facility or Person Registered or Exempt Under Former Act.