(a) The provider shall deliver a current disclosure statement to the person with whom the contract is to be made before the provider executes a continuing care contract, before a prospective resident transfers any entrance fee or reservation deposit to a provider, or before the provider accepts any reservation deposit, whichever occurs first.
(b) Only the disclosure statement most recently filed with the department shall be considered current for the purpose of the Act and may be delivered to a resident or prospective resident.
(c) The provider shall obtain the signature of each individual or the legal representative of each individual who contracts with the provider acknowledging that the provider delivered the disclosure statement on CCRC Form #5 (Acknowledgment of Delivery of Disclosure Statement). The provider must maintain completed forms for three years. These files are subject to inspection by the department.

Source Note: The provisions of this §33.307 adopted to be effective March 9, 1989, 14 TexReg 989; amended to be effective March 14, 1996, 21 TexReg 1768.