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.)