Bill > SB5691

This bill updates regulations for Continuing Care Retirement Communities (CCRCs) by modifying existing state laws to enhance consumer protections and registration requirements. The bill clarifies that practices related to CCRCs are matters of public interest and can be subject to consumer protection laws. For registration, CCRCs must now provide additional documentation, including a written statement specifying whether their residency agreement includes an entrance fee and the extent to which future services are covered by that fee. The bill maintains the existing two-year registration period and continues to require detailed financial documentation, such as audited financial statements or actuarial analysis for newer communities. The registration process remains the same, with the department evaluating applications based on completeness and providing applicants an opportunity to supplement incomplete submissions. Importantly, the bill preserves the confidentiality of submitted materials by exempting them from public records disclosure, which helps protect sensitive business information while ensuring regulatory oversight of these retirement communities.

Health and Social Services

https://app.leg.wa.gov/billsummary?BillNumber=5691&Year=2025&Initiative=false