A provider may collect deposits from prospective subscribers if: the Department has approved the provider’s feasibility study; and funds collected are maintained in an escrow account. Each deposit agreement shall comply with the requirements of subsection (c) or (d) of this section. If a deposit agreement is used for a deposit on a unit for which the provider has not received written approval to withdraw deposits, the deposit agreement shall: state that all deposits and entrance fees will be held in escrow until: an initial certificate of registration for the unit is issued; construction is completed; a certificate of occupancy, or its equivalent, is issued by the local jurisdiction; and the provider has the appropriate licenses or certificates from the Maryland Department of Health, the Maryland Health Care Commission, and the Department; describe the disposition of any interest earned on deposits and entrance fees; state the amount of any processing fee and whether it will be refunded if the deposit agreement is canceled; and describe the disposition of the deposit if the deposit agreement is canceled before the continuing care agreement is executed. If a deposit agreement is used for a deposit on a unit for which the provider has received written approval to withdraw deposits, the deposit agreement shall: state that the provider may use all deposits and entrance fees at any time; or describe any applicable limitations on the use of deposits and entrance fees.