N.J. Admin. Code § 5:19-8.2

Current through Register Vol. 56, No. 21, November 4, 2024

Section 5:19-8.2 - Application

(a) Prior to accepting any nonbinding reservation agreements, the provider shall submit an application to the Department for certification that contains the following information:

1. The name and address of the provider;

2. The location and description of the facility to be developed;

3. The number and types of living units to be contained in the continuing care retirement community as well as a description of the services and facilities;

4. The selling price at which each living unit will be offered, together with a general description of the living unit or interest offered at that price and the estimated periodic charges;

5. The name and address of the person or firm holding the deposits and the name and location of the banking or similar institution wherein the deposits will be deposited;

6. A statement that no binding contract for a living unit will be offered or accepted until the continuing care retirement community is certified by the Department in accordance with this chapter;

7. A copy of the most recent financial statement of the provider, certified to be true and accurate by an independent public accountant;

8. A copy of all advertising material;

9. A copy of the proposed reservation agreement form;

10. Any other material deemed necessary by the Department in furtherance of the provisions of this chapter.

(b) The application shall be accompanied by a filing fee in the amount of $ 250.00.

N.J. Admin. Code § 5:19-8.2