By The RCFE Residents Foreclosure Protection Act of 2011 • SB 897 (Leno) requires RCFE licensees to notify the Department of Social Services and the facility residents and their representatives when the facility is in financial distress such as foreclosure or bankruptcy. It provides for civil penalties and loss of licensure when a facility fails to notify residents and a resident is subsequently relocated and suffers transfer trauma. Effective January 1, 2012.
The RCFE Eviction Protection Act • SB 781 (Leno) strengthens eviction protections by requiring RCFEs to notify residents in writing of their rights when faced with an eviction and requires facilities to provide a list of resources available to identify alternative housing and care options. Effective January 1, 2010.
The Reverse Mortgage Elder Protection Act of 2009 • AB 329 (Feuer) prohibits any person who participates in the origination of a reverse mortgage from referring the borrower to anyone for the purchase of other financial products. It requires the lender to provide the prospective borrower with a list of not fewer than 10 HUD approved nonprofit counseling agencies and requires the lender or mortgage counselor to provide the borrower a suitability checklist specifying issues the borrower should discuss with a counselor before the loan application is approved. Effective January 1, 2010.
Long Term Care Ombudsman Funding • AB 392 (Feuer/Jones) appropriates $1.6 million for local long term care ombudsman programs in California. On a one-time basis, it partially restored a $3.8 million cut to the ombudsman programs made by the Governor in September 2008. Effective Immediately.
CCRC Closure Protections • AB 407 (Beall) requires a Continuing Care Retirement Community (CCRC) provider faced with a permanent closure to ensure residents have adequate time to find new housing and to ensure that residents receive adequate compensation should they be required to move. Effective January 1, 2010.
Continuing Care Retirement Contracts (CCRCs) • AB 1169 (Ruskin) increases transparency in financial reporting by CCRCs and establishes limits on the transfer of CCRC funds. Effective January 1, 2010.
Financial Abuse of Elder or Dependent Adults • SB 1140 (Steinberg) ensures that victims of elder financial abuse can seek civil recourse and makes certain that abusers are held accountable for their actions. Effective January 1, 2009.