CA AB2661

Exempts continuing care contracts from refund reserve requirements if the entrance fee repayment is conditioned upon resale of any unit previously occupied by the resident, provided the conditional repayment is not marketed as a "refund."

Requires providers to disclose in contracts the average and longest time period for residents to receive full repayment within the last 5 calendar years for contracts with entrance fee repayment conditioned on unit resale.

Prohibits providers from charging monthly fees to residents or their estates after a contract is terminated and the unit is permanently vacated, except for equity interest contracts.