4.3.4.2.4 Stop Notice Release Bonds
| Jurisdiction | Arizona |
An owner, contractor, or construction lender who disputes a stop notice may obtain a release of the stop notice by serving the stop notice claimant with a Stop Notice Release Bond. Such a bond must be in the amount of 150% of the stop notice claim, conditioned upon the payment of any amount that does not exceed the penal obligation of the bond and that the claimant may recover on the...
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