Amends the Life Care Facilities Act. Requires the most current pre-sale disclosure data for refundable life care contracts to be made available annually by January 31 of each year to current residents that have refundable entry fee contracts, former residents who have not yet received refunds for their refundable entry fees, and the estates of former residents who have not yet received refunds for their refundable entry fees. Provides that units belonging to former residents and the estates of former residents who have not yet received refunds for refundable entry fees shall be made available for viewing, upon request, within 7 business days after that request, and notification of this option shall be sent annually by January 31 of each year. Establishes notice requirements for providers who elect to offer units with month-to-month rent. Sets forth provisions concerning the closing of the estate of a former resident who has not yet received refunds for refundable entry fees. Provides that no life care contract may require a resident or the resident's family to pay any fees on the unit for longer than 30 days after the resident has vacated the premises.
Statutes affected: Introduced: 210 ILCS 40/5, 210 ILCS 40/6