(a) In this section, "nursing home" means a related institution that is classified as a nursing home. (b) A nursing home may not assess an interest penalty on charges for services provided to a resident until, whichever is later in time: (1) 45 days after the nursing home mails an itemized statement of the charges to the person responsible for payment of the charges; or (2) 30 days after the end of the period for which the itemized statement of the charges covers. (c) The nursing home shall include on the itemized statement of charges a statement in bold and conspicuous print as to when interest may be assessed consistent with the provisions of subsection (b) of this section.
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