Senate Bill 262 aims to regulate referral agencies that connect prospective residents to assisted living facilities in Wisconsin. The bill defines an "assisted living facility" to include community-based residential facilities, residential care apartment complexes, and adult family homes. It mandates that referral agencies disclose their relationships with the facilities they refer to, including any fees paid for referrals and the nature of their contractual agreements. Additionally, it allows prospective residents to terminate services from the referral agency at any time and requires that fees charged by the agency be set in advance, consistent with fair market value, and collected only after written confirmation from the resident.

The bill also establishes penalties for non-compliance, allowing for forfeitures of up to $1,000 per violation. It specifies that referral agencies can only charge one fee per resident and prohibits fees if a resident moves into a facility more than one year after the referral agreement was made. The Attorney General or district attorneys are empowered to take legal action against referral agencies that violate these provisions. Overall, the bill seeks to enhance transparency and protect the interests of prospective residents in the assisted living referral process.