Michigan Laws 554.923 – Effect of order approving or filing registration
Current as of: 2024 | Check for updates
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Terms Used In Michigan Laws 554.923
- community: means a retirement community in which a person undertakes to provide or arrange for continuing care and which is 1 or more of the following:
(i) An adult foster care facility. See Michigan Laws 554.903Continuing care: means some or all of the following services:
(i) A living unit. See Michigan Laws 554.903Department: means the department of licensing and regulatory affairs. See Michigan Laws 554.905 Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC Life interest: means the right, upon payment of an entrance fee, to receive continuing care for life. See Michigan Laws 554.905 Member: means an individual who enters into a continuing care agreement with a continuing care community. See Michigan Laws 554.907 Person: means an individual, partnership, corporation, association, governmental entity, or other legal entity. See Michigan Laws 554.909
(1) The fact that an application for registration has been filed or approved does not constitute any of the following:
(a) Approval of or a finding regarding the accuracy of any information in or accompanying the registration application.
(b) A recommendation, approval, or other finding by the department concerning the merits or qualifications of a person, life interest, long-term lease, transaction, or continuing care community.
(2) A person shall not make or cause to be made to a prospective member a representation inconsistent with this section.