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222 chapters · 1,895 sections in this title.
Ind. Code § 23-2-4-1 Definitions
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Sec. 1. As used in this chapter, the term: "Application fee" means the fee charged an individual, in addition to the entrance fee or any other fee, to cover the provider's reasonable costs in processing the individual's application to become a resident. "Commissioner" means the s…
Ind. Code § 23-2-4-10 Conditions of registration; deposit of entrance and refurbishment fees into escrow account; limitations
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Sec. 10. (a) Except as provided by section 11 of this chapter, the commissioner shall require, as a condition of registration, that: (1) the provider establish an interest-bearing escrow account with a bank, trust company, or other escrow agent approved by the commissioner; and (…
Ind. Code § 23-2-4-11 Letter of credit, negotiable securities, or bond instead of escrow account
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Sec. 11. In lieu of establishing an escrow account under section 10 of this chapter, a provider may, with the commissioner's permission, post a letter of credit from a financial institution, negotiable securities, or a bond by a surety authorized to do business in Indiana. The le…
Ind. Code § 23-2-4-12 Entrance fees; use
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Sec. 12. Any money or property received by a provider as an entrance fee to a continuing care retirement community constructed or purchased after August 31, 1982, or any income earned thereon, may be used by the provider only for purposes directly related to the construction, mai…