(i) Each applicant, potential transferee and licensee shall maintain current records of all information provided to the department. After the applicant, potential transferee or licensee becomes aware of any change related to information it has provided or is required to provide to the department, such person shall submit to the department written notice of the change as soon as practicable and without unreasonable delay; provided, that any change in financial status shall be provided to the department and shall include, but shall not be limited to, filing for bankruptcy, any default under a lending agreement or under a lease, the appointment of a receiver or the recording of any lien. Failure to provide timely notice of such change shall be subject to the remedies or sanctions available to the department pursuant to this chapter.
(j) An applicant, potential transferee or licensee and its respective owners and management companies shall comply with all applicable federal, state and local laws, rules and regulations.
(k)(1) Prior to entering into a contract with a management company, an applicant, potential transferee or licensee shall notify and receive a determination from the department that the management company is responsible and suitable to manage a long-term care facility.