Sections
5 entriesSection 8530Allows a person who has a lien right under the referenced chapter to give a stop payment notice to a construction lender.…Section 8532Allows a claimant to give a construction lender a stop payment notice with a bond equal to 125 percent of the claim.…Section 8534Requires a construction lender objecting to sureties on a bonded stop payment notice to notify the claimant within 20 days. Allows the…Section 8536Requires a construction lender receiving a stop payment notice to withhold enough construction funds to pay the claim. Allows the lender to…Section 8538Allows a claimant to request notice of a lender’s election not to withhold by submitting a written request and stamped envelope with…