§ 129150 Lender Release Of Liability

Health and Safety Code·California

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Key Takeaways

•The government can let a person stop owing money on a loan if they follow certain rules.
•The government can also let a person sell or give away part of the property they used to get the loan, even if they still owe money.
•This rule was updated in 2021.

Example

You took a loan to buy a house, but now you want to sell the garage separately.

The government can say it's okay to sell the garage even if you still owe money on the house loan.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 129150 Lender Release Of Liability

The department may at any time, under the terms and conditions that it may prescribe, consent to the lender’s release of the borrower from its liability under the loan or the security agreement securing the loan, or consent to the release of parts of the project property from the lien of any security agreement. (Amended by Stats. 2021, Ch. 143, Sec. 254. (AB 133) Effective July 27, 2021.)

Last verified: January 23, 2026

Key Terms

agreement liability property lien health release security the california department

References

Official text at leginfo.legislature.ca.gov
California Legislature. Health and Safety Code. Section 129150.

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Key Takeaways

Example

Key Terms

Related Statutes

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