New York Assembly bill in Session 2025-2026.
Status: in_committee. Latest action: April 1, 2026.
Relates to the classification of resident entrance fees for residents of continuing care retirement communities.
Classifies resident entrance fees for residents of continuing care retirement communities as an advance payment of services; imposes a statutory obligation to return any unearned entrance fee funds by an operator to the resident; provides that such statutory obligation shall not be deemed a general unsecured claim for purposes of a bankruptcy proceeding.
| Date | Event | Detail |
|---|---|---|
| 2026-04-01 | Introduced | Bill introduced |
| 2026-04-01 | Status | in_committee |
| 2026-04-01 | Latest Action | In Assembly Committee |