New York Codes, Rules and Regulations
Title 10 - DEPARTMENT OF HEALTH
Chapter X - Assisted Living Residences
Part 1001 - Assisted Living Residences
Section 1001.9 - Resident funds and valuables
Universal Citation: 10 NY Comp Codes Rules and Regs ยง 1001.9
Current through Register Vol. 46, No. 12, March 20, 2024
(a) The requirements of this section shall be in addition to those required of an adult home or enriched housing program in accordance with 18 NYCRR sections 487.6 and 488.6.
(b) An assisted living operator or employee of a residence or any other entity which is a representative payee of a resident of such residence pursuant to designation by the social security administration or which otherwise assumes management responsibility over the funds of a resident shall maintain such funds in a fiduciary capacity to the resident. Any interest on money received and held for the resident shall be the property of the individual resident.
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