Our client has a habit of asking us to provide a UNCP Release the moment the check has been cashed. However, payment hasn't cleared our bank. To my understanding, isn't there a grace period or civil code that our client should be following in the State of California that they need to legally wait to inquire on having us (General Contractor) to provide an UNC Progress Release? Somewhere thru the grape vine, I thought it was 7 days from when payment has been received/cleared bank. After this, then they can technically ask for us to provide. Am I mistaken?
You should not give an unconditional until you are comfortable the check has CLEARED the bank. You should advise your customer that a conditional plus a cancelled check has the same effect of an unconditional and that is why there is a separate conditional vs. unconditional form.