California § 1793.17. 1793.17. (Amended by Stats. 2000, Ch. 820, Sec. 66.)

California Statutes

§ 1793.17. — 1793.17. (Amended by Stats. 2000, Ch. 820, Sec. 66.)

California·Code HSC Health and Safety Code - HSC·Div. 2. DIVISION 2. LICENSING PROVISIONS·Ch. 10. CHAPTER 10. Continuing Care Contracts·Art. 7. ARTICLE 7. Offenses and Penalties

(a)When necessary to secure the interests of depositors or residents, the department may require that the applicant or provider reestablish an escrow account, return previously released moneys to escrow, and escrow all future entrance fee payments.

(b)The department may release funds from escrow as it deems appropriate or terminate the escrow requirement when it determines that the escrow is no longer necessary to secure the performance of all obligations of the applicant or provider to depositors or residents.

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(a)
When necessary to secure the interests of depositors or residents, the department may require that the applicant or provider reestablish an escrow account, return previously released moneys to escrow, and escrow all future entrance fee payments.
(b)
The department may release funds from escrow as it deems appropriate or terminate the escrow requirement when it determines that the escrow is no longer necessary to secure the performance of all obligations of the applicant or provider to depositors or residents.

California § 1793.17. (1793.17. (Amended by Stats. 2000, Ch. 820, Sec. 66.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.