A claimant’s waiver and release does not release the owner, construction lender, or surety on a payment bond from a lien or claim unless both of the following conditions are satisfied:
(a) The waiver and release is in substantially the form provided in this article and is signed by the claimant.
(b) If the release is a conditional release, there is evidence of payment to the claimant. Evidence of payment may be either of the following:
(1) The claimant’s endorsement on a single or joint payee check that has been paid by the financial institution on which it was drawn.
(2) Written acknowledgment of payment by the claimant.
(Added by Stats. 2010, Ch. 697, Sec. 20. (SB 189) Effective January 1, 2011. Operative July 1, 2012, by Sec. 105 of Ch. 697 and by Section 8052.)
Last modified: October 25, 2018