Seguros y GravámenesPregunta 1557 de 1605
After an owner records a lien release bond of 125%, an unpaid subcontractor who wants to be paid must now pursue:
a.The CSLB Recovery Fund
b.The surety on the release bond (and the principal), since the bond substitutes for the property
c.The construction lender's shareholders
d.The real property through foreclosure only
Explicación
When a lien release bond is recorded under Civil Code §8424, the bond substitutes for the property as security. The claimant's foreclosure remedy shifts to an action on the bond against the surety (and principal) rather than the real property.
Referencia Legal: Civ. Code §8424Practica las 1605 preguntas gratis — sin registro.
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Última revisión: · proceso editorial
Sen Lin, Fundador de PrepPass · Verificado con California CSLB Contractor License Law & Business Exam · Cómo revisamos
Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)