US Laws, Codes, Statutes & Cases

                                  TITLE  26
                              BANKS AND BANKING
                                  CHAPTER 37
                     IDAHO CONTINUING-CARE DISCLOSURE ACT
    26-3702.  STATEMENT OF PURPOSE. The legislature recognizes that continuing
care communities have become an important and necessary alternative for the
long-term residential, social and health maintenance needs for many of the
state's elderly citizens.
    The legislature finds and declares that tragic consequences can result to
citizens of the state when a provider of services under a continuing care
agreement becomes  insolvent or unable to provide responsible care. The
legislature recognizes the need for full disclosure with respect to the terms
of agreements between prospective residents and the provider and the
operations of such providers. Accordingly, the legislature has determined that
these providers should be regulated in accordance with the provisions of this
chapter. The provisions of this chapter apply equally to for-profit and
not-for-profit provider organizations. The provisions of this chapter shall be
the minimum requirements to be imposed upon any person, association or
organization offering or providing continuing care as set forth in this
chapter.