Adding increased financial oversight of businesses running continuing care retirement communities will help prevent the loss of residents’ life savings and housing in the event of the business’ bankruptcy or insolvency, Further protecting residents by codifying a list of rights as part of their contractural agreement with a CCRC is vital to the security of individuals who choose this option for retirement living arrangements. This bill offers the assurance that New Hampshire supports both the CCRCs and the growing number of residents who require them in the second “oldest” state in the country.
SB124
Senate · 2025 sessionRepublicanSigned into lawContinuing care retirement community regulations
AIRecodifies the statute governing continuing care retirement communities, expanding certificate of authority, reporting, and life care contract requirements, revising entrance fee escrow rules, and adding a resident bill of rights.
relative to continuing care retirement communities.
InsurancePublic and Mental Health
Status
Signed into law · August 4, 2025- ✓Introduced
- ✓Senate
- ✓House
- ✓Governor
- ✓Law
Division of testimony
5 submissionsSupport 5Oppose 0Neutral 0
Janet LucasSupportCampton, NHfor MyselfApr 23, 2025
Daniel RichardsonSupportNashua, NHfor MyselfApr 23, 2025
Position recorded without written comment.
Dawn McKinneySupportConcord, NHfor NH Legal AssistanceApr 23, 2025
Position recorded without written comment.
Nancy DonahueSupportCampton, NHfor MyselfApr 23, 2025
Position recorded without written comment.
Sheila DonahueSupportCampton, NHfor MyselfApr 23, 2025
Position recorded without written comment.