§ 7872(h)(1)

section does not apply

UNDECIDED

0 of 2 settled

  1. 1

    § 7872(h)(1)

    ALL OF
    “any below-market loan owed by a facility which on the last day of such year is a qualified continuing care facility” needs Step 2 a qualified continuing care facility UNDECIDED
    “if such loan was made pursuant to a continuing care contract”
    “if the lender (or the lender’s spouse) attains age 62 before the close of such year”
  2. 2

    § 7872(h)(3)(A)

    a qualified continuing care facility

    ALL OF

    For purposes of this section, the term “qualified continuing care facility” means 1 or more facilities—

    “which are designed to provide services under continuing care contracts,” § 7872(h)(3)(A)(i)
    “which include an independent living unit, plus an assisted living or nursing facility, or both, and” § 7872(h)(3)(A)(ii)
    “substantially all of the independent living unit residents of which are covered by continuing care contracts.” § 7872(h)(3)(A)(iii)

    “Substantially” implies facts and circumstances. No regulation cites this provision (eCFR, Oct 19, 2026)