New Jersey § 52:27d-337

§ 52:27d-337.

a. The provider shall file an annual disclosure statement with the commissioner, which

contains the information required for the initial disclosure statement pursuant to

section 7 of this act. 1 The annual disclosure statement also shall include a narrative describing any material

differences between the pro forma income statement filed pursuant to this act either

as part of the initial application for a certificate of authority or the most recent

annual disclosure statement and the actual results of operations during the fiscal

year. The statement also shall contain a revised pro forma income statement for the next

fiscal year. The commissioner may request additional income statements if necessary. The provider shall file the annual disclosure statement within six months following

the end of the provider's fiscal year. b. Prior to the provider's acceptance of part or all of any application or entrance

fee or the execution of the continuing care agreement by the resident, whichever occurs

first, the provider shall deliver the most current annual disclosure statement to

the current or prospective resident and to any other person with whom the continuing

care agreement is or may be entered into. c. A provider shall amend its currently filed annual disclosure statement at any time

if, in the opinion of the provider or the department, an amendment is necessary to

prevent the disclosure statement from containing any material misstatement of fact

or omission to state a material fact as required pursuant to this act. The provider shall file an amendment or amended disclosure statement with the commissioner

before the provider provides it to a resident or prospective resident. 1

N.J.S.A. § 52:27D-336.