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How Assisted Living Facilities Must Manage Resident Finances

Regulations Governing Resident Finances in an Assisted Living Residence*

The assisted living facility must keep a simple financial record on all charges billed to the resident for care and these records must be available to DADS. If the resident entrusts the handling of any personal finances to the assisted living facility, a simple financial record must be maintained to document accountability for receipts and expenditures, and these records must be available to DADS. Receipts for payments from residents or family members must be issued upon request.

*From: Texas Department of Aging and Disability Services (DADS) Licensing Standards for Assisted Living Facilities
Subchapter A, §92.41

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