Bảo hiểm & Quyền cầm giữCâu 1538 / 1605
To keep a mechanics lien alive beyond 90 days without immediately filing suit, a claimant and owner may agree to and record an:
a.Assignment of the lien to a lender
b.Extension of credit, which extends the time to sue up to one year from recording
c.Automatic renewal every 90 days
d.Increase in the lien amount
Giải thích
Under Civil Code §8460, the parties can record a notice of extension of credit that extends the deadline to bring the foreclosure action, but in no event beyond one year after the lien was recorded. Absent such an agreement, suit must be filed within 90 days.
Trích dẫn luật: Civ. Code §8460Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A notice of cessation was recorded after a 30-day work stoppage. This recording affects lien deadlines by:
- 'Completed operations' coverage under a CGL policy is important to contractors because it covers:
- A sole-owner contractor with no employees wants to avoid carrying workers' compensation insurance. Generally, the contractor may:
- Which best explains why a general contractor requires each subcontractor to carry its OWN workers' compensation insurance?
- The 125% bond required to accompany a stop payment notice served on a construction LENDER exists to:
- Which of the following parties is typically the OBLIGEE on a contractor's performance bond for a private project?
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Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)