N.Y. Comp. Codes R. & Regs. tit. 10 § 1001.9

Current through Register Vol. 46, No. 45, November 2, 2024

Section 1001.9 - Resident funds and valuables

(a) The requirements of this section shall be in addition to those required of an adult home or enriched housing program in accordance with 18 NYCRR sections 487.6 and 488.6.

(b) An assisted living operator or employee of a residence or any other entity which is a representative payee of a resident of such residence pursuant to designation by the social security administration or which otherwise assumes management responsibility over the funds of a resident shall maintain such funds in a fiduciary capacity to the resident. Any interest on money received and held for the resident shall be the property of the individual resident.

N.Y. Comp. Codes R. & Regs. Tit. 10 § 1001.9