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HomeCivil CodeDiv. 3Pt. 1Ch. 6§ 1541 Debt Release Requirements

§ 1541 Debt Release Requirements

Civil Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 1541 Debt Release Requirements

This law says that a duty or debt ends when the person who is owed something (the creditor) releases the person who owes it (the debtor) from that duty, either by a written release or by agreeing to something new.

Key Takeaways

  • •A duty ends when the creditor releases the debtor.
  • •Release can be in writing or based on new consideration.
  • •The release works even if no new payment or benefit is given.

Example

A landlord and tenant agree to end a lease early without the tenant paying extra rent.

Because the landlord releases the tenant from the lease obligations, the tenant's duty to keep paying rent is extinguished, even though no new money changes hands.

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

Official Source
View on CA.gov

§ 1541 Debt Release Requirements

An obligation is extinguished by a release therefrom given to the debtor or the released party by the creditor or releasing party, upon a new consideration, or in writing, with or without new consideration. (Amended by Stats. 2018, Ch. 157, Sec. 1. (SB 1431) Effective January 1, 2019.)

Last verified: January 9, 2026

Key Terms

obligationreleasenew considerationwritingcreditordebtor

Related Statutes

  • § 1476 Creditor Directed Performance Extinguishment
  • § 1478 Payment Application Rules
  • § 1499 Debtor'S Right To Receipt
  • § 1502 Transfer Of Title Performance
  • § 1511 Excused Performance Delays

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Civil Code. Section 1541.
View Official Source