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§ 10-456. Deposits

West's Annotated Code of MarylandHuman ServicesEffective: October 1, 2007

West's Annotated Code of Maryland
Human Services (Refs & Annos)
Title 10. Department of Aging (Refs & Annos)
Subtitle 4. Continuing Care (Refs & Annos)
Part VI. Continuing Care at Home (Refs & Annos)
Effective: October 1, 2007
MD Code, Human Services, § 10-456
§ 10-456. Deposits
Currentness
Collection of deposits
(a) A provider may collect deposits from prospective subscribers if:
(1) the Department has approved the provider's feasibility study; and
(2) the provider maintains the funds collected in an escrow account.
Holding deposits in escrow
(b) Deposits collected under subsection (a) of this section shall be held in escrow until:
(1) the provider has been issued a certificate of registration under § 10-458 of this subtitle; or
(2) a later time that the Department may set by regulation.

Credits

Added by Acts 2007, c. 3, § 2, eff. Oct. 1, 2007.
MD Code, Human Services, § 10-456, MD HUMAN SERV § 10-456
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document