Michigan Compiled Laws
Act 448 of 2014 - Continuing Care Community Disclosure Act (554.901 - 554.993)
Section 554.903 - Definitions; a to C.

Sec. 3.
As used in this act:
(a) "Administrator" means a person that performs administrative or operational functions within or in connection with the continuing care community.
(b) "Advertisement or marketing communication" means any disclosure statement, prospectus, pamphlet, circular, form letter, written or electronic advertisement, social media or other sales literature or advertising communication, including a written, printed, or pictorial communication, or a communication by means of a recorded telephone message or message spoken on the radio, television, or similar communications media, intended for distribution or transmission to prospective members in connection with an offer or sale of a continuing care agreement.
(c) "Amortized component of an entrance fee" means the portion of an entrance fee that is amortizable to reflect the cost of continuing care, multiplied by 1.5% for each month from the time of occupancy to the termination of membership by death or other cause.
(d) "Applicant" means a continuing care community applying for initial registration under section 19, applying for renewal registration under section 25, or applying to amend a registration under section 33.
(e) "Change in fees" means a change in either the amount or type of fees for continuing care, including entrance fees and monthly service fees, except for any change in fees mandated by a state or federal referral assistance program.
(f) "Complete", with reference to an application, means complete on its face and submitted with any registration fee and any other information, record, approval, or similar item required by law or rule.
(g) "Continuing care" means some or all of the following services:
(i) A living unit.
(ii) Meals.
(iii) Personal care services.
(iv) Skilled nursing.
(v) Rehabilitative services.
(vi) Medical care.
(vii) Social activities.
(viii) Supervision.
(ix) Program of all-inclusive care for the elderly.
(x) Continuing care at home.
(h) "Continuing care agreement" means a written agreement, including a long-term lease or an agreement conferring a life interest, between a member and a continuing care community for continuing care upon payment of an entrance fee.
(i) "Continuing care at home" means, upon payment of an entrance fee, providing or arranging for the provision of all of the following at the member's home:
(i) Continuing care.
(ii) Access to comprehensive services, including, but not limited to, care coordination, home assessments, and assistance with activities of daily living.
(iii) Services with a higher level of care when required by the health condition of the member, as determined by the continuing care community in consultation with the member or the member's representative.
(j) "Continuing care community" or "community" means a retirement community in which a person undertakes to provide or arrange for continuing care and which is 1 or more of the following:
(i) An adult foster care facility.
(ii) A home for the aged.
(iii) An independent living unit.
(iv) A nursing home.
(v) A home health care services agency.
(vi) Hospice.
(vii) A place that undertakes to provide care to a member for more than 1 year.
(k) "Continuing care administration fund" means the fund creation in section 31(3).
History: 2014, Act 448, Eff. Apr. 2, 2015

Structure Michigan Compiled Laws

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.

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 Op...

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.