CaliforniaContinuing care retirement communities: repayable contracts.
What it does
Existing law establishes the State Department of Social Services and sets forth its powers and duties, including the certification and regulation of continuing care retirement communities. Existing law regulates different types of continuing care contracts, including, among others, a repayable contract. A repayable contract is a continuing care contract that includes a promise to repay all or a portion of an entrance fee that is conditioned upon reoccupancy or resale of the unit previously occupied by the resident.
More detail
This bill would instead refer to the contract described above as a repayable conditioned on resale contract, define a repayable contract to include both a repayable conditioned on resale contract and a repayable in sequential order contract, and would define a repayable in sequential order contract to mean a continuing care contract that includes a promise to repay all or a portion of an entrance fee based on the sequential order in which repayable contracts are terminated. The bill would require a provider that offers or maintains repayable in sequential order contracts to establish a repayment account for these purposes, to assign each terminated contract a sequential repayment number, and to repay those contracts in sequential order from the proceeds of future repayable in sequential order contracts, as specified.
Existing law requires all continuing care contracts to include specified provisions, including, among others, that if it's a repayable contract, the average and longest amount of time that it has taken to resell or reoccupy a unit within the last 5 calendar years.
This bill would make that provision applicable only to repayable conditioned on resale contracts and would require certain additional disclosures relating to repayable in sequential order contracts to be made, including, among others, the average and longest duration of time elapsed between contract termination and repayment during the last 5 calendar years.
Existing law requires a lump sum owed to a resident or a resident's estate, including any interest accrued, to be paid within 14 calendar days after resale of the unit.
This bill would make that provision applicable only to repayable conditioned on resale contracts and would make it 14 days after resale or reoccupancy. For repayable conditioned on sequential order contracts, the bill would require the full lump sum to be paid within 14 calendar days after sufficient funds exist in the sequential repayment account to satisfy the contract's assigned sequential repayment number.
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Where it stands
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 18Chaptered by Secretary of State - Chapter 281, Statutes of 2026.Latest
- Sep 18Approved by the Governor Gavin Newsom.Became Law
- Sep 10Enrolled and presented to the Governor at 3 p.m.To Governor
- Aug 30Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 79. Noes 0. Page 6867.).Major
- Vote recorded AB 1983 Blanca Rubio Concurrence in Senate Amendments. Result: pass.Lower
- Aug 28In Assembly. Concurrence in Senate amendments pending.
- Vote recorded 3rd Reading AB1983 Blanca Rubio By Laird. Result: pass.Upper
- Aug 28Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0.).Passed Senate
- Aug 24Read second time. Ordered to third reading.Minor
- Aug 21Read third time and amended. Ordered to second reading.Major
- Aug 20Ordered to third reading.Minor
- Aug 20From special consent calendar.
- Aug 18Ordered to special consent calendar.
- Aug 13Read second time. Ordered to third reading.Minor
- Vote recorded Do pass. Result: pass.Upper
- Aug 13From committee: Do pass. (Ayes 7. Noes 0.) (August 13).Minor
- Jun 29In committee: Referred to APPR. suspense file.Minor
- Vote recorded Placed on suspense file. Result: pass.Upper
- Jun 16From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 5. Noes 0.) (June 15). Re-referred to Com. on APPR.Minor
- Jun 15
- Vote recorded Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar. Result: pass.Upper
- Jun 3Referred to Com. on HUMAN S.Minor
- May 21In Senate. Read first time. To Com. on RLS. for assignment.Minor
- Vote recorded AB 1983 Blanca Rubio Assembly Third Reading. Result: pass.Lower
- May 21Read third time. Passed. Ordered to the Senate. (Ayes 72. Noes 0. Page 5213.)Passed Assembly
- May 18Read second time. Ordered to third reading.Minor
- May 14From committee: Do pass. (Ayes 15. Noes 0.) (May 14).Minor
- Vote recorded Do pass. Result: pass.Lower
- May 14Joint Rule 62(a), file notice suspended. (Page 5030.)
- May 13In committee: Set, first hearing. Referred to APPR. suspense file.Minor
- Apr 23From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 6. Noes 0.) (April 23). Re-referred to Com. on APPR.Minor
- Vote recorded Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar. Result: pass.Lower
- Apr 22From committee: Do pass and re-refer to Com. on HUM. S. (Ayes 6. Noes 0.) (April 21). Re-referred to Com. on HUM. S.Minor
- Apr 21
- Vote recorded Do pass and be re-referred to the Committee on [Human Services]. Result: pass.Lower
- Apr 13(Pending re-refer to Com. on HUM. S.)Minor
- Apr 13Assembly Rule 56 suspended. (Page 4580.)
- Mar 16Referred to Coms. on AGING & L.T.C and HUM. S.Minor
- Feb 14From printer. May be heard in committee March 16.
- Feb 13Read first time. To print.Introduced