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.