Retirement communities may repay entrance fees in the order contracts end
Continuing care retirement communities may offer contracts that refund entrance fees in the order contracts end, paid from new contracts, rather than after a unit resells. Providers must keep a repayment account, disclose past wait times, and pay within 14 days once money is there.
Who it affects
Continuing care retirement community providers and residents
When
This law takes effect on January 1, 2027. California laws take effect on January 1 of the year after they are signed, unless the law says otherwise.
- : Signed into law
- : This law takes effect
Official text
California AB 1983: Continuing care retirement communities: repayable contracts.
On California Legislative Information. The official text is what counts; read it before you act.
Not legal advice. Plain-English summaries to help you find what changes and when. Not legal advice: read the official text, and ask a lawyer about your situation.