A permit to accept deposits, a provisional certificate of authority, or a certificate of authority shall be forfeited by operation of law when any one of the following occurs:
(a) The applicant terminates marketing for the proposed continuing care retirement community.
(b) The applicant or provider surrenders to the department its residential care facility for the elderly license, the permit to accept deposits, provisional certificate of authority, or certificate of authority for a continuing care retirement community.
(c) The applicant or provider sells or otherwise transfers all or part of the continuing care retirement community.
(d) A change occurs in the majority ownership of the continuing care retirement community or the certificate of authority holder.
(e) The applicant or provider merges with another entity.
(f) The applicant or entity makes a material change in a pending application which requires a new application pursuant to subdivision (c) of Section 1779.8.
(g) The applicant or provider moves the continuing care retirement community from one location to another without the department’s prior approval.
(h) The applicant or provider abandons the continuing care retirement community or its obligations under the continuing care contracts.
(i) The applicant or provider is evicted from the continuing care retirement community premises.
(Amended by Stats. 2000, Ch. 820, Sec. 60. Effective January 1, 2001.)