Michigan Compiled Laws
Chapter 554 - Real and Personal Property
Act 448 of 2014 - Continuing Care Community Disclosure Act (554.901 - 554.993)

Section 554.901 - Short Title. - Sec. 1. This act shall be known and may be...

Section 554.903 - Definitions; a to C. - Sec. 3. As used in this act: (a) "Administrator" means...

Section 554.905 - Definitions; D to L. - Sec. 5. As used in this act: (a) "Department" means...

Section 554.907 - Definitions; M to O. - Sec. 7. As used in this act: (a) "Member" means...

Section 554.909 - Definitions; P to R. - Sec. 9. As used in this act: (a) "Person" means...

Section 554.911 - Definitions; S. - Sec. 11. As used in this act: (a) "Sale of...

Section 554.913 - Continuing Care Community; Organization and Operation; Purpose; Member to Service in Advisory Capacity. - Sec. 13. (1) A continuing care community shall be organized...

Section 554.915 - Continuing Care Agreement; Registration or Exemption Required; Applicability to Written or Oral Arrangements; Offer or Sale; Conditions; Circumstances. - Sec. 15. (1) Subject to subsections (3) and (4), a...

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. - Sec. 17. (1) A continuing care community that is licensed...

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 Op... - Sec. 19. (1) A person seeking initial registration under this...

Section 554.921 - Incomplete Application; Notification; Order Approving or Denying Registration. - Sec. 21. (1) Effective 60 days after the department receives...

Section 554.923 - Effect of Order Approving or Filing Registration. - Sec. 23. (1) The fact that an application for registration...

Section 554.925 - Renewal of Registration; Application Form to Be Sent by Department. - Sec. 25. (1) Except as otherwise provided in this act,...

Section 554.927 - Application for Registration Renewal; Processing; Failure to Submit Application or Fee; Continuation of Current Registration; Failure to File Renewal Application. - Sec. 27. (1) Subject to subsections (2) and (3), an...

Section 554.929 - Extension of Registration; Requirements; Fees. - Sec. 29. (1) The department may extend the term of...

Section 554.931 - Fees; Continuing Care Administration Fund; Creation; Disposition; Investment; Money Remaining at Close of Fiscal Year; Expenditures. - Sec. 31. (1) The fee for filing an application for...

Section 554.933 - Reportable Changes; Amendment of Registration. - Sec. 33. (1) A registrant shall notify the department promptly...

Section 554.935 - Delivery of Continuing Care Agreements, Emergency Plan, and Disclosure Statement; Availability of Feasibility Study. - Sec. 35. (1) A continuing care community shall deliver to...

Section 554.937 - Disclosure Statement. - Sec. 37. (1) Subject to subsection (3), a disclosure statement...

Section 554.939 - Continuing Care Agreement; Requirements. - Sec. 39. A continuing care agreement shall meet all of...

Section 554.941 - Financial Statements; Requirements. - Sec. 41. (1) Financial statements under section 19, 25, or...

Section 554.943 - Financial Forecast. - Sec. 43. A pro forma financial plan shall include a...

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. - Sec. 45. (1) If a member pays funds to a...

Section 554.947 - Alternative Financial Arrangement. - Sec. 47. (1) In lieu of an escrow arrangement imposed...

Section 554.949 - Records; Reports. - Sec. 49. (1) A registered continuing care community shall prepare...

Section 554.951 - Advertising or Marketing Communication. - Sec. 51. (1) A person shall not distribute or transmit...

Section 554.955 - Offer or Sale of Continuing Care Agreement; Prohibited Acts. - Sec. 55. (1) A person shall not, in connection with...

Section 554.957 - Appointment of Independent Conservator or Guardian. - Sec. 57. If a member becomes mentally or physically incapacitated...

Section 554.959 - Arbitration. - Sec. 59. (1) A dispute, claim, or grievance arising between...

Section 554.961 - Service of Process; Irrevocable Consent Appointing Department. - Sec. 61. (1) An applicant for registration under this act,...

Section 554.963 - Investigations. - Sec. 63. (1) The department may conduct investigations within or...

Section 554.965 - Review and Audit of Documents and Records. - Sec. 65. (1) The department shall review all documents submitted...

Section 554.967 - Repayment of Entrance Fee; Temporary Suspension. - Sec. 67. (1) A court or the department may by...

Section 554.969 - Order Denying, Suspending, or Revoking Registration. - Sec. 69. (1) The department may issue an order denying,...

Section 554.971 - Cease and Desist Order. - Sec. 71. (1) Subject to subsection (2), if the department...

Section 554.973 - Injunction, Restraining Order, or Writ of Mandamus. - Sec. 73. If it appears to the department that a...

Section 554.975 - Civil Fine; Costs; Sanctions; Continuing Care Agreement as Voidable; Refund. - Sec. 75. (1) If the director of the department finds...

Section 554.977 - Liability; Offer of Rescission. - Sec. 77. (1) A person that offers or sells a...

Section 554.979 - Liability by Implication; Liability Under Other Statute or Common Law. - Sec. 79. Except as explicitly provided in this act, civil...

Section 554.981 - Person Materially Aiding in Act or Transaction Constituting Violation; Joint and Several Liability. - Sec. 81. A person that directly controls a person that...

Section 554.983 - Statute of Limitations. - Sec. 83. An action shall not be maintained to enforce...

Section 554.985 - Violation as Felony; Penalty; Seizure and Forfeiture of Proceeds or Instrumentality of Crime. - Sec. 85. (1) A person that knowingly violates this act...

Section 554.987 - Promulgation of Rules. - Sec. 87. Pursuant to the administrative procedures act of 1969,...

Section 554.989 - Disclosure of Filings; Exemption; Confidentiality of Social Security Numbers. - Sec. 89. (1) Applications, reports, and other papers and documents...

Section 554.991 - Life Interest or Long-Term Lease Agreement Under Former Act. - Sec. 91. A life interest or long-term lease agreement entered...

Section 554.993 - Facility or Person Registered or Exempt Under Former Act. - Sec. 93. A facility or person that was registered or...