<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".21" citation="COMAR 32.02.02.21" title_num="32" subtitle_num="02" chapter_num="02" heading="Deposit Agreement and Processing Fee.">
  <paragraph num="A.">
    <text>A deposit agreement used before the provider has received an initial certificate of registration shall:</text>
    <paragraph num="(1)">
      <text>State that all deposits and entrance fees shall be held in escrow until the:</text>
      <paragraph num="(a)">
        <text>Issuance of an initial certificate of registration, and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Provider has been issued appropriate licenses or certificates by MDH and MHCC;</text>
      </paragraph>
    </paragraph>
    <paragraph num="(2)">
      <text>Describe the disposition of any interest earned on deposits and entrance fees;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>State the amount of any processing fee and whether it will be refunded if the deposit agreement is canceled; and</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Describe the disposition of the deposit if the deposit agreement is canceled before the continuing care at home agreement is executed.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>A deposit agreement that is used after the provider has received an initial certificate of registration shall:</text>
    <paragraph num="(1)">
      <text>State that the provider may use all deposits and entrance fees at any time; or</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Describe any applicable limitations on the use of deposits and entrance fees.</text>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>A processing fee may only be assessed against a subscriber one time and may not exceed $300.</text>
  </paragraph>
  <paragraph num="D.">
    <text>If a deposit agreement does not precede a continuing care at home agreement, the provider shall ensure that the continuing care at home agreement referred to in Regulation .22 of this chapter meets the requirements of §A of this regulation.</text>
  </paragraph>
</regulation>