(a)   A subscriber shall have the right to rescind a continuing care
agreement for any reason prior to the date of occupancy by the said
subscriber.
  (b)   (1)   If, prior to the date of occupancy, the subscriber dies, the provider
determines that the subscriber is ineligible for entrance into the
facility, or the subscriber elects to terminate the continuing care
agreement because of a substantial change in the subscriber's
physical, mental or financial condition, the agreement shall be
automatically canceled, and the subscriber or the subscriber's legal
representative shall receive within 30 days thereafter a full refund of
all moneys paid to the provider, except:
      (i)   Those special additional costs incurred by the provider due to
modifications in the structure or furnishings of the unit specifically
requested by the subscriber that do not exceed the costs of
modification or reasonable costs of restoration actually incurred by
the provider and set forth in writing in a separate addendum to the
agreement and signed by the subscriber, and
      (ii)   A processing fee approved by the Department.
    (2)   In the event that the subscriber rescinds the continuing care agreement
within 90 days after entering into the agreement and prior to the date
of occupancy of the unit for any reason other than the reasons
specified in subsection (b)(1) of this section, the refund provisions
shall be the same as those provided for in subsection (b)(1) of this
section. If, prior to the date of occupancy of a unit, the subscriber
rescinds the continuing care agreement after the 90-day period for any
reason other than the reasons specified in subsection (b)(1) of this
section, the provider may require the subscriber to forfeit an amount
up to 25% of the subscriber's entrance fee deposit.
  (c)   A subscriber may rescind a continuing care agreement at any time if the
terms of the agreement are in violation of the terms of this subtitle
and the subscriber is injured by the violation. The subscriber shall be
entitled to treble damages for extensive injuries arising from the
violations.
  (d)   (1)   If an applicant for admission to a continuing care facility withdraws
the application prior to execution of a continuing care agreement, the
applicant shall receive a full refund of all moneys paid to the
provider except a processing fee approved by the Department.
    (2)   The refund shall be paid within 60 days of the withdrawal.
|