A deposit agreement used for a deposit on a unit for which the provider has not received written approval to withdraw deposits under Regulation .12 of this chapter shall: State that all deposits and entrance fees shall be held in escrow until: The issuance of an initial certificate of registration for the unit, Construction is completed, A certificate of occupancy, or its equivalent, has been issued by the local jurisdiction, and The provider has been issued appropriate licenses or certificates by MDH, MHCC, 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 State that the deposit will be refunded within not more than 60 days of the cancellation, if the deposit agreement is canceled before the continuing care agreement is executed. A deposit agreement that is used for a deposit on a unit for which the provider has received written approval to withdraw deposits under Regulation .12 of this chapter 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. A processing fee may only be assessed against a subscriber one time and may not exceed $300 per individual. If a deposit agreement does not precede a continuing care agreement, the provider shall ensure that the continuing care agreement referred to in Regulation .28 of this chapter meets the requirements of §A of this regulation.