Current through Register Vol. 56, No. 18, September 16, 2024
(a)
The disclosure statement shall be in the following form:
1. A front cover shall contain the name and
address of the provider, the name and location of the continuing care
retirement community, the effective date of the disclosure statement which
shall be the date of certification by the Department and shall contain the
following statement in 10-point bold face type:
NOTICE TO PURCHASERS
THIS DISCLOSURE STATEMENT IS FOR INFORMATIONAL PURPOSES ONLY.
PURCHASERS SHOULD ASCERTAIN FOR THEMSELVES THAT THE UNIT OFFERED MEETS THEIR
PERSONAL REQUIREMENTS. THE NEW JERSEY DEPARTMENT OF COMMUNITY AFFAIRS HAS
NEITHER APPROVED NOR DISAPPROVED THE MERITS OF THIS DISCLOSURE STATEMENT. BE
SURE TO READ CAREFULLY ALL DOCUMENTS BEFORE YOU SIGN THEM.
2. The disclosure statement and the contract
shall each state on the cover or top of the first page in bold print the
following:
THIS MATTER INVOLVES A SUBSTANTIAL FINANCIAL INVESTMENT AND A
LEGALLY BINDING CONTRACT. IN EVALUATING THE DISCLOSURE STATEMENT AND THE
CONTRACT PRIOR TO ANY COMMITMENT, IT IS RECOMMENDED THAT YOU CONSULT WITH AN
ATTORNEY AND FINANCIAL ADVISOR OF YOUR CHOICE, IF YOU SO ELECT, WHO CAN REVIEW
THESE DOCUMENTS WITH YOU.
3.
A reasonably detailed table of contents showing the subject matter of the
various sections, subsections or documents contained in the disclosure
statement and the page number on which each appears shall be added at the front
of the disclosure statement;
4. The
provider shall attach a copy of the standard form of contract for continuing
care used by the provider as an exhibit to each disclosure statement;
5. The disclosure statement shall be printed
on good quality unglazed white paper no smaller than 8-1/2 inches by 11 inches
nor larger than 8-1/2 inches by 14 inches. The cover may be of a different
color provided the printed material contained thereon shall be
legible;
6. No portion of the
disclosure statement shall be underscored, italicized, or printed in larger,
heavier or different color type than the remainder of the statement unless
required or permitted by the Department.
