§ 10–456
Statutes in effect as of October 1, 2026.
Md. Code Ann., Hum. Servs. § 10-456 (2026)
Title 10. Department of Aging
Subtitle 4. Continuing Care
§ 10–456LinkCopy Citation
(a)
A provider may collect deposits from prospective subscribers if:
(1)
the Department has approved the provider’s feasibility study; and
(2)
the provider maintains the funds collected in an escrow account.
(b)
Deposits collected under subsection (a) of this section shall be held in escrow until:
(1)
the provider has been issued a certificate of registration under § 10-458 of this subtitle; or
(2)
a later time that the Department may set by regulation.