Section 325.20207. Disclosure of ownership interests.

Rule 207. (1) An applicant or licensee shall include all of the following with its application for an initial or renewed license:

(a)    The name, address, principal occupation, and official position of all persons who have an ownership interest in the home.

(b)   The name, address, principal occupation, and official position of each trustee for a voluntary nonprofit corporation.

(c)    The most recent disclosure of ownership and related information prepared pursuant to the federal medicare-medicaid anti-fraud and abuse amendments of 1977, Public Law 95-142, 42 U.S.C. S1320 a-3 and regulations promulgated thereunder.

(d)  If a home is located on or in leased real estate, the name of the lessor and any direct or indirect interest the applicant or licensee has in the lease other than as lessee.

(2) The department may accept reports filed with the securities and exchange commission as compliance with this rule, if the department determines that such reports contain the information required.

History: 1981 AACS.