Continuing-Care Section

The Idaho Continuing-Care Disclosure Act was enacted in 1988 in response to problems caused when residents of an Idaho nursing home lost their money due to embezzlement and mismanagement. The statute regulates entities that offer to provide long-term care and lodging after an advance fee payment often called an “entrance fee.” Anyone wanting to offer this type of program is required to register with the Securities Bureau of the Department of Finance, provide detailed disclosure to purchasers, and adhere to several other requirements.

On-Line Resources:

• Laws/Statutes