California § 129145 - Notwithstanding any other provision of this chapter, after the department determi
Full text of California Public Contract Code - PCC § 129145 — Notwithstanding any other provision of this chapter, after the department determi, with citation guidance and answers to common questions.
§ 129145. Notwithstanding any other provision of this chapter, after the department determi
Notwithstanding any other provision of this chapter, after the department determines that the lender and borrower have exhausted all reasonable means of curing any default, the department within its discretion may, when it is in the best interests of the state, the borrower, and the lender, cure the default of the borrower by making payment from the fund directly to the lender of any amounts of the original principal obligation and interest of the loan that are accrued and unpaid. The payment shall be secured by an assignment to the department of a pro rata share of the security agreements made to the lender and, upon the payment, the borrower shall become liable for repayment of the amount thereof to the office over a period and at a rate of interest as shall be determined by the department.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 129145
What does Public Contract Code - PCC § 129145 cover?
Section 129145 ("Notwithstanding any other provision of this chapter, after the department determi") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 129145?
A common citation format is "Public Contract Code - PCC § 129145" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 129145 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.