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2024 Maryland Statutes
Human Services
Title 10 - Department of Aging
Subtitle 4 - Continuing Care
Part VI - Continuing Care at Home
Section 10-456 - Deposits

Universal Citation:
MD Human Services Code § 10-456 (2024)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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    (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.

    (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.

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