§ 58-64A-115. Entrance fee and deposit delivery to the escrow agent.
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§ 58-64A-115. Entrance fee and deposit delivery to the escrow agent.
(a)The provider shall deliver to the escrow agent any entrance fees or deposits required to be maintained in an escrow account pursuant to this Article within 10 business days after receipt by the provider.
(b)Any deposit delivery to an escrow agent pursuant to this Article shall be accompanied with a copy of the executed nonbinding reservation agreement, binding reservation agreement, or continuing care contract, a copy of the receipt given to the depositor, a summary of all deposits made on that date, and any other materials required by the escrow agent. (2025-58, s. 2.)