CA SB707

Renames the Continuing Care Provider Fee Fund to the CCRC Oversight Fund and removes the $500,000 balance cap, instead requiring the department to adjust fees as needed to adequately fund regulatory costs without excess accumulation.

Requires posting a link to the approved budget for the Continuing Care Contracts Section on the department's website.

Expands financial plan and reporting requirements to include situations where occupancy falls below 80 percent and the provider fails to meet debt covenants or has a net operating loss for three consecutive months, with providers notifying the department within two weeks of month-end.

Requires providers to distribute approved financial plans (or redacted versions) to resident councils within 10 days and to prospective residents at least 60 days before contract execution, unless the resident signs a declaration of urgent need for placement.

Prohibits providers from keeping units off the market to avoid repaying entrance fees under repayable contracts.