All entrance fees and deposits collected for independent living units in an expansion requiring Commissioner approval under this Part shall be placed in an escrow account in accordance with Part 4 of this Article unless otherwise exempted by the Commissioner.
N.C. Gen. Stat. § 58-64A-95
Expansion entrance fees and deposits
Known as the Continuing Care Retirement Communities Act
The act spans §§ 58-64A-1 to 58-64A-95 (77 sections).
2025-58, s. 2.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.