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Owners should demand this release when they are paid in full. Some states allow an Unconditional Release upon final payment that is used to induce the final payment. It is an inherent vagary in the lien release law. In the United States, some states only use a conditional waiver on progress payment and an unconditional waiver on final payment.
Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. It is one of the methods by which parties to a contract may terminate their agreement. The release is completed by the transfer of valuable consideration that must not be the actual performance of the obligation itself. [1]
After almost three years of fact-finding, reports, and public hearings, California’s first-in-the-nation reparations task force on Thursday, June 29th, 2023, released its final report to state lawmakers with recommendations for how the state should atone for its history of racial violence and discrimination against Black residents.
The 18 million total payments, which equal $9.5 billion, represent the largest relief program of its kind in California state history. In a press release issued the day before the first MCTR ...
A portion of each payment is taken as fees for the debt settlement company, and the rest is put into the trust account. The consumer is told not to pay anything to the creditors. The debt settlement company's fees are usually specified in the enrollment contract, and may range from 10% to 75% of the total amount of debt to be settled. [ 13 ]
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