Oregon Law
Law as of Jan 1, 2024
Chapter contents
101.010Policy 101.020Definitions 101.030Registration of continuing care retirement community providers 101.040Registration fees 101.050Preparation of disclosure statement by provider; notice and review of statement by prospective residents; contents of statement 101.052Annual disclosure statement 101.055[1997 c.633 §2; 2009 c.201 §4; renumbered 101.112 in 2009] 101.060Provider to maintain financial reserves; amount; escrow account; withdrawal from reserves 101.065Provider liquidation; resident claims preferred 101.070Escrow account required for registration of new continuing care retirement community; entrance fees in escrow; use of escrow funds 101.080When resident eligible for refund of entrance fee; notice to resident 101.090Exemption of closed bed facilities from certificate of need review; exception 101.100Transfer of registration 101.110Revocation of registration; findings 101.112Required meetings with residents; notice of change in fees or services 101.115Resident rights 101.120Power of department to prevent violations; cease and desist order; injunction 101.130[1989 c.693 §9; 2009 c.201 §10; renumbered 101.052 in 2009] 101.140Advisory council; membership; compensation; duties 101.150Duties of Department of Human Services; complaint procedure; rules 101.160Short title

Chapter 101 — Continuing Care Retirement Communities

ORS 101.080 When resident eligible for refund of entrance fee; notice to resident

(1)

Any provider that requires any resident, as a condition of occupancy or use of the facility, to pay an entrance fee, prior to or during the first six months of occupancy in addition to monthly payments, shall provide that a percentage of that entrance fee be refunded to the resident if the residency agreement is terminated, other than by reason of death of the resident, within the first six months of occupancy.

(2)

The percentage of the entrance fee to be refunded and the manner in which this percentage is calculated shall be written in boldfaced type in the residency agreement and disclosed in the initial and annual disclosure statements required by ORS 101.050 and 101.052.

Official sources · 2Tap to view provenance and version history

Online copy of the published ORS edition

Provenance

Version history

Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.