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Committee backs SB 124 to strengthen oversight of continuing-care retirement communities
Summary
SB 124 was advanced to give regulators stronger licensing, reporting and escrow tools to protect residents and entrance-fee funds at continuing-care retirement communities (CCRCs); sponsors said the bill was developed with providers and ombudsman groups and had no opposition at hearing.
The committee voted to advance Senate Bill 124, a comprehensive update to the continuing‑care retirement community (CCRC) statute (RSA 420‑D) that adds licensing, financial reporting, escrow protections and enforcement tools intended to protect residents’ entrance fees and long‑term care access.
Representative Miles (sponsor) described the bill as a response to recent CCRC failures and as…
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