California § 129180 - The obligation to pay any subsequent premium charge for insurance shall cease, an
Full text of California Public Contract Code - PCC § 129180 — The obligation to pay any subsequent premium charge for insurance shall cease, an, with citation guidance and answers to common questions.
§ 129180. The obligation to pay any subsequent premium charge for insurance shall cease, an
The obligation to pay any subsequent premium charge for insurance shall cease, and all rights of the lender and the borrower under this chapter shall terminate as of the date of the notice, as herein provided, in the event that (a) any lender under a loan forecloses on the mortgaged property, or has otherwise acquired the project property from the borrower after default, but does not convey the property to the department in accordance with this chapter, and the department is given written notice thereof, or (b) the borrower pays the obligation under the loan in full prior to the maturity thereof, and the department is given written notice thereof.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 129180
What does Public Contract Code - PCC § 129180 cover?
Section 129180 ("The obligation to pay any subsequent premium charge for insurance shall cease, an") 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 § 129180?
A common citation format is "Public Contract Code - PCC § 129180" (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 § 129180 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.