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Colo. Rev. Stat. § 11-49-101 Definitions
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As used in this article 49, unless the context otherwise requires: (1) "Aged person" means any person sixty-two years of age or older. (2) "Board" means the financial services board created in section 11-44-101.6. (3) "Commissioner" means the state commissioner of financial servi…
Colo. Rev. Stat. § 11-49-102 Escrow account for entrance fees
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(1) Each provider shall establish an escrow account that provides that all of any entrance fee received by the provider prior to the date the resident is permitted to occupy the resident's living unit in the facility be placed in escrow with a bank, trust company, or other licens…
Colo. Rev. Stat. § 11-49-103 Withdrawal or dismissal of person - refund
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(1) If an agreement permits withdrawal or dismissal of a resident from a life care institution prior to the expiration of the agreement, with or without cause, an amount equal to the difference between the amount paid in and the amount used for the care of the resident during the…
Colo. Rev. Stat. § 11-49-104 Recording of lien by commissioner
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(1) The commissioner shall record with the county clerk and recorder of any county a notice of lien on behalf of all residents who enter into life care contracts with a provider to secure performance of the provider's obligations to residents pursuant to life care contracts. All …