ALF Core Test Questions and Answers (Latest 2023 — 2024) With Complete Solution

What is the penalty, if a community fails to report that they are declaring bankruptcy, foreclosure or facing eviction? - Considered a 2nd degree MISDENIEANOR Where should resident funds and property be held for safekeeping? - in a Florida banking institution. A POA, Power of Attorney is also called... - an Attorney-in-Fact Who/ what is considered a controlling interest of an ALF? - Anyone or entity that holds 5% or more ownership interest in the community. When a controlling interest is involved as a defendant or petitioner in a bankruptcy or foreclosure what must happen? - the agency, AHCA must be notified in 10 days Can a community owner/ administrator or staff service as a resident's guardian? - NO Can a community owner/ administrator or staff service as a resident's trustee? - NO Can a community owner/ administrator or staff service as a resident's conservator? - NO Can a community owner/ administrator or staff service as a resident's Power of Attorney? YES Can a community owner/ administrator or staff service as a resident's Attorney-in-Fact? Yes, another word for POA DOES AN ALF HAVE TO HAVE LIABILITY INSURANCE - YES, at all times even if no claims pending. Does an ALF need to have a recognized accounting system? - YES If ALF provides safekeeping of resident money or property, then these 3 rules apply. quarterly statements with detailed income and expense reports; monthly statement if the ALF Admin is the POA; within 30 days of receiving a security deposit, the ALF must inform the resident in writing of the banking institution and the the address. If a resident receives OSS payments and the ALF is the representative payee, how much does the surety bond need to be? - TWICE the OSS payment + TWICE the supplemental security income SSI + TWICE the social security disability income SSDI. 59A-36.013 (3) (b)