NC Strengthens Oversight of CCRCs.
Richmond B Shreve | Published on 7/4/2025
North Carolina’s newly enacted CCRC legislation, House Bill 357, significantly strengthens state oversight of Continuing Care Retirement Communities by expanding licensing requirements, enhancing financial disclosure obligations, and reinforcing protections for current and prospective residents. The law empowers the Department of Insurance to intervene early when communities show signs of financial instability, requires more frequent and detailed reporting—including quarterly financial statements—and mandates clearer, timelier refunds of entrance fees. It also regulates deposits for facilities not yet built, standardizes disclosure statements, and ensures residents are better informed about the risks and obligations associated with their contracts. These reforms are designed to promote transparency, accountability, and consumer confidence across the senior living sector.
Check our Documents tab, scroll down to State Legislation, and choose the North Carolina subfolder. The scroll to the top of the page for the legislation and related documents.