California § 1781.10. 1781.10. (Amended by Stats. 2000, Ch. 820, Sec. 39.)

California Statutes

§ 1781.10. — 1781.10. (Amended by Stats. 2000, Ch. 820, Sec. 39.)

California § 1781.10.

JurisdictionCalifornia

Code HSCHealth and Safety Code - HSC

Div. 2.DIVISION 2. LICENSING PROVISIONS

Ch. 10.CHAPTER 10. Continuing Care Contracts

Art. 3.ARTICLE 3. Deposit Subscription Period

This text of California § 1781.10. (1781.10. (Amended by Stats. 2000, Ch. 820, Sec. 39.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Health and Safety Code - HSC Code § 1781.10. (2026).

Text

No deposit or any other asset held in a deposit escrow account, shall be encumbered or used as collateral for any obligation of the applicant or any other person, unless the applicant obtains prior written approval from the department for the encumbrance or use as collateral.  The department shall not approve any encumbrance or use as collateral under this section unless the encumbrance or use as collateral is expressly subordinated to the rights of depositors under this chapter to refunds of their deposits.

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No deposit or any other asset held in a deposit escrow account, shall be encumbered or used as collateral for any obligation of the applicant or any other person, unless the applicant obtains prior written approval from the department for the encumbrance or use as collateral. The department shall not approve any encumbrance or use as collateral under this section unless the encumbrance or use as collateral is expressly subordinated to the rights of depositors under this chapter to refunds of their deposits.