Md. Code Regs. 32.02.02.21

Current through Register Vol. 51, No. 18, September 6, 2024

Section 32.02.02.21 - Deposit Agreement and Processing Fee

A. A deposit agreement used before the provider has received an initial certificate of registration shall:

(1) State that all deposits and entrance fees shall be held in escrow until the:

(a) Issuance of an initial certificate of registration, and

(b) Provider has been issued appropriate licenses or certificates by DHMH and MHCC;

(2) Describe the disposition of any interest earned on deposits and entrance fees;

(3) State the amount of any processing fee and whether it will be refunded if the deposit agreement is canceled; and

(4) Describe the disposition of the deposit if the deposit agreement is canceled before the continuing care at home agreement is executed.

B. A deposit agreement that is used after the provider has received an initial certificate of registration shall:

(1) State that the provider may use all deposits and entrance fees at any time; or

(2) Describe any applicable limitations on the use of deposits and entrance fees.

C. A processing fee may only be assessed against a subscriber one time and may not exceed $300.

D. If a deposit agreement does not precede a continuing care at home agreement, the provider shall ensure that the continuing care at home agreement referred to in Regulation .22 of this chapter meets the requirements of §A of this regulation.

Md. Code Regs. 32.02.02.21