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Kenneth Vercammen 732-572-0500 is an Edison, Middlesex County, NJ trial attorney. Mr. Vercammen is author of the ABA book "Criminal Law Forms" and ABA "Wills and Estate Administration". He has published 125 articles in national and New Jersey publications on criminal, traffic, DWI, probate, estate planning, and litigation topics. To email Ken V, go here: http://www.njlaws.com/ContactKenV.html

Saturday, November 14, 2015

26:2H-127 Assisted living facility, refund of deposit, certain circumstances.

26:2H-127  Assisted living facility, refund of deposit, certain circumstances.
1. a. An assisted living facility licensed by the Department of Health pursuant to P.L.1971, c.136 (C.26:2H-1 et seq.) that requires a new resident, as a condition of admission to the facility, to pay a one-time security deposit, which is in addition to the regular monthly rental and services charges, shall provide that the deposit plus interest earned on the deposit is refundable to the resident or other designated person upon the resident's vacating the facility if the resident provides the facility with 30 days' notice that the resident intends to vacate the facility.

b.The facility may deduct an amount not to exceed one percent per annum of the amount of the invested or deposited security deposit for the cost of servicing and processing an account containing a security deposit.

L.2009, c.55, s.1; amended 2012, c.17, s.253.
Posted by Vercammen Law at 2:36 PM
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Kenneth Vercammen is a Middlesex County trial attorney who has published 130 articles in national a

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