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A claimant signs and delivers a waiver and release. Which parties can the release protect in the payment context?

Correct Answer

C) The owner, construction lender, and surety as applicable.

CSLB explains that a signed and delivered waiver and release can release the owner, construction lender, and surety as applicable.

Answer Options
A
Release payment based only on the contractor's assurance where a claimant signs and delivers a waiver and release, without reconciling the waiver or coverage paperwork first.
B
Accept an informal payment memo where a claimant signs and delivers a waiver and release, instead of checking the release or certificate before relying on it.
C
The owner, construction lender, and surety as applicable.
D
Wait until final closeout to review claimant or insurance paperwork where a claimant signs and delivers a waiver and release.

Why This Is the Correct Answer

CSLB explains that a signed and delivered waiver and release can release the owner, construction lender, and surety as applicable.

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