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TRENTON – A measure sponsored by Senator Fred H. Madden which will ensure that residents of assisted living facilities receive a refund of their security deposit if they move has been signed into law.

“By nature, security deposits are supposed to be returned, providing that residents hold up their end of the bargain by taking good care of their rental unit,” said Senator Madden, D-Camden and Gloucester. “This new law will give residents of assisted living facilities what is rightfully theirs, if and when they decide to move.”

TRENTON – A bill sponsored by Senator Fred H. Madden which would ensure that assisted living facility residents receive a refund of their security deposits if they move from a facility was unanimously approved by the Senate Health, Human Services and Senior Citizens Committee today.

“A security deposit needs to be treated as just that – a deposit, to be returned when a resident is moving from an assisted living facility,” said Senator Madden, D-Gloucester and Camden. “Residents in assisted living in New Jersey pay enough for monthly rental and service charges, in addition to the already-high costs of living in the Garden State. When moving from a facility, they should have the ability to recoup their security deposit and any interest that their deposit may have collected.”