New Jersey § 26:2h-127
Full text of New Jersey New Jersey Statutes § 26:2h-127, with citation guidance and answers to common questions.
§ 26:2h-127.
a. An assisted living facility licensed by the Department of Health pursuant to P.L.1971, c. 136 ( C.26:2H-1 et seq. ) that requires a new resident, as a condition of admission to the facility, to pay
a one-time security deposit, which is in addition to the regular monthly rental and
services charges, shall provide that the deposit plus interest earned on the deposit
is refundable to the resident or other designated person upon the resident's vacating
the facility if the resident provides the facility with 30 days' notice that the resident
intends to vacate the facility. b. The facility may deduct an amount not to exceed one percent per annum of the amount
of the invested or deposited security deposit for the cost of servicing and processing
an account containing a security deposit.
Frequently Asked Questions About New Jersey § 26:2h-127
What does New Jersey Statutes § 26:2h-127 cover?
Section 26:2h-127 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 26:2h-127?
A common citation format is "New Jersey Statutes § 26:2h-127" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 26:2h-127 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.