ORDER ON CROSS MOTIONS FOR ■ SUMMARY JUDGMENT

I. INTRODUCTION

In September of 2009, the U.S. Department of Energy (“DOE”) and Defendant Federal Financing Bank (“FFB”) entered into a series of agreements with Solyndra FAB 2, LLC (“FAB 2”). FAB 2 was wholly owned by Solyndra, Inc. (“Solyn-dra”), a now-defunct solar panel technology company. FFB purchased a promissory note from FAB 2 in the amount of $535 million, and DOE guaranteed the note. Plaintiff Kinetic Systems, Inc. (“Kinetics”) is a California contractor. It was hired to perform work on a Solyndra fáctory in Fremont, California. Kinetics alleges that it performed work worth $2,870,372. So-lyndra declared bankruptcy and abruptly ceased operations in August of 2011, and Kinetics claims that it was owed $1,187,950 when Solyndra closed. Kinetics brings this action alleging that FFB holds excess construction funds, and that Kinetics has a right to be paid from those funds. Now before the Court are the parties’ cross motions for summary judgment. Both motions are fully briefed, 1 and the Court finds them suitable for disposition 'without oral argument pursuant to Civil Local Rule 7-1(b). For the reasons set forth below, Defendant FFB’s motion for summary judgment is GRANTED and Plaintiff Kinetics’ motion for summary judgment is DENIED. •

II. BACKGROUND

These motions are heavily dependent on the context of this case. That background includes the nature of FFB and the specific details of FFB’s agreements with DOE and FAB 2. The Court laid out these important facts in its order on Kinetics’ motion to remand and FFB’s motion to dismiss. See Kinetic Sys., Inc. v. Fed. Fin. Bank, 895 F.Supp.2d 983 (N.D.Cal.2012). Because those same facts are critical to these motions as well, the Court reiterates them — with minor variations and updates — here.

A. FFB

Nearly forty years ago, Congress created FFB by passing the Federal Financing Bank Act of 1973, Pub. L. No. 93-224, 87 Stat. 937 (1973) (“FFB Act”), codified at 12 U.S.C. § 2281 et seq. Congress found that “demands for funds through Federal and federally assisted borrowing programs [were] increasing faster than the total supply of credit and that such borrowings [were] not adequately coordinated with overall Federal fiscal and debt management policies.” 12 U.S.C. § 2281 . Federal agencies administering increasingly popular loan-guarantee programs were using private lenders to furnish the loans, which *734 had the unintended effect of increasing costs to the federal government and disrupting private finance markets. The purpose of the FFB Act was “to assure coordination of these programs with the overall economic and fiscal policies of the Government, to reduce the cost of Federal and federally assisted borrowings from the public, and to assure that such borrowings are financed in a manner least disruptive of private financial markets and institutions.” 12 U.S.C. § 2281 . 2 Congress established FFB as a “body corporate ... subject to the general supervision and direction of the Secretary of the Treasury” and made it “an instrumentality of the United States Government.” Id. § 2283.

Congress conferred on .FFB a number of general powers. Id. § 2289. One of these is the power “to sue and be sued, complain, and defend,. in its corporate name.” Id. § 2289(1). Another is the power “to enter into contracts, to execute instruments to incur liabilities, and to do all things as are necessary or incidental to the proper management of its affairs and the proper conduct of its business.” Id. § 2289(9). One of the functions of FFB is to purchase or sell any obligation issued, sold, or guaranteed by a federal agency. Id. § 2285(a). “Obligation” is a defined term that includes “any note, bond, debenture, or other evidence of indebtedness,” with certain exceptions not relevant here. Id. § 2282(2). FFB often exercises its power to purchase obligations in order to serve as a lender for programs wherein a federal agency (for example, DOE) guarantees a loan to a private entity (for example, a builder of electrical infrastructure). Generally, FFB provides the financing by purchasing a note which the federal agency then guarantees.

B. The Solyndra Financing Arrangement

The Energy Policy Act of 2005, Pub. L. No. 109-58, 119 Stat. 594 (2005) (“Energy Policy Act”), codified at 42 U.S.C. § 16511 et seq., authorizes the Secretary of Energy (“Secretary”) to guarantee loans for certain eligible projects, and appropriates funds to cover the costs of such guarantees. See 42 U.S.C. §§ 16511-14 . When the Secretary guarantees 100 percent of a loan, the loan must be funded by FFB (as opposed to a private bank). See 10 C.F.R. § 609.10 (d)(4)®.

In September 2009, FFB and the Secretary entered into a Program Financing Agreement that supplies the general framework for this financing program.' See ECF No. 7 (“Willis-Proctor Deck”) Ex. 1 (“PFA”). The financing process begins when the Secretary designates a borrower. See id. § 2.1. The Secretary’s formal designation of a borrower places the Secretary and FFB under three separate commitments: (a) FFB and the Secretary must sign “a Note Purchase Agreement with the particular Borrower ... setting forth the terms and conditions under which FFB will purchase a Note issued by such Borrower”; (b) the Secretary must guarantee the note pursuant to the Energy Policy Act; and (c) FFB must purchase the note pursuant to the FFB Act. Id. § 2.3. Note Purchase Agreements signed by FFB and designated borrowers require the borrower to offer a promissory note to FFB, which FFB then buys, assuming certain preconditions are satisfied. Id. .§§ 1.1, 4.1. One of those preconditions is the receipt by FFB of the *735 Secretary’s guarantee of the note in the event that a borrower defaults.

The PFA provides that the note shall be a future advance promissory note. Id. § 1.1 (definition of “Note”). The amount of the note represents the maximum amount of financing that a borrower may receive under their particular PFA. Form NPA § 7.3.4. 3 The borrower receives the financing by requesting an advance on the note. Id. § 7.2. The borrower usually must specify a third party to receive the advance; in other words, FFB gives money to the borrower’s1 creditors, not to the borrower itself. Id. § 7.2(b). 4 The Secretary must approve each request before FFB will disburse the advanced funds. Id. § 7.2(a). Advances may be made “only at .such time and in such amount as shall be necessary to meet the immediate payment or disbursing need of the Borrower.” Id.

On September 2, 2009, FAB 2, DOE, and FFB entered into a Note Purchase Agreement. Willis-Proctor Decl. Ex. 2 (“Solyndra NPA”). Under the terms of the Solyndra NPA, FAB 2 agreed to offer FFB a note in the amount of $535 million. The Secretary guaranteed the note and FFB purchased it. The terms of the So-lyndra NPA tracked the general terms set forth above. That is, the Secretary guaranteed a $535 million note offered by FAB 2 and purchased by FFB, against which note FAB 2 could request advances of funds which, if approved by the Secretary, FFB would pay directly to FAB 2’s creditors according to its “immediate payment or disbursing needs[s],” up to an aggregate maximum of $535 million and repayable with interest.

C. Kinetics ’ Stop Notice

Kinetics contracted with Solyndra to perform work on a Solyndra factory in Fremont (known as “Building 4,” the “Front-End Project Facility,” or the “Front-End Site”). Kinetics’ job was to install tools in the Front-End Site. Kinetics contracted to perform work worth $2,967,762, and had completed work worth $2,870,372 when Solyndra ceased operations. ECF No. 56 (“Mesnickow Decl.”) ¶ 14. Kinetics claims it has been paid $1,682,422, leaving a balance due of $1,187,950, plus interest. Id. ¶ 15. On January 23, 2012, about five months after Solyndra closed, Kinetics served a bonded stop notice upon FFB. ECF No. 1 (“Removal Not.”). A stop notice is “a notice by one who has furnished materials or labor for the construction of improvements, given to the owner of the property, or to a lender of funds to be used for payment of claims against such property, for the purpose of withholding money in the hands of such owner or lender from the contractor so that the materialman or laborer may be paid for his material or services.” See Flintkote Co. v. Presley of N. Cal., 154 Cal.App.3d 458, 462 , 201 Cal.Rptr. 262 (1984) (citing Theisen v. Cnty. of Los Angeles, 54 Cal.2d 170, 177-179 , 5 Cal.Rptr. 161 , 352 P.2d 529 (1960)); see also Miller & Starr, 10 Cal. Real Est. § 28:78 (3d ed.). A bonded stop notice is a stop notice supported by a bond of 125 percent of the amount of the claim contained in the stop notice.

D. Procedural History

Kinetics initially brought this action in California Superior Court in Alameda *736 County. FFB removed to federal court. In September of 2012, the Court denied Kinetics’ motion to remand, FFB’s motion to dismiss, and FFB’s alternative motion for summary judgment. ECF No. 41. FFB filed another motion for summary judgment on September 5, 2013, and Kinetics filed its cross-motion the next day. Both motions were fully briefed by the end of September 2013. The Court took the matter under submission and informed the parties that the motions would be decided without oral argument. On October 8, 2013, however, the Court granted FFB’s ex parte motion to stay the case during the federal government shutdown. ECF No. 75. The shutdown ended on October 17, but neither party took any action in this case over the next several months. On June 26, the Court directed the parties to file a joint statement regarding the status of the case. The parties did so on July 2, requesting that the Court lift the stay and rule on the pending motions for summary judgment. ECF No. 78. The Court hereby LIFTS the stay and proceeds to rule on the pending motions.

III. LEGAL STANDARD

Entry of summary judgment is proper “if the movant shows that there is no genuine dispute as to any-material fact and the movant is entitled to judgment as a matter of law.” Fed. R. Civ. P. 56(a). Summary judgment should be granted if the evidence would require a directed verdict for the moving party. Anderson v. Liberty Lobby, Inc., 477 U.S. 242, 251, 106 S.Ct. 2505 , 91 L.Ed.2d 202 (1986). “A moving party without the ultimate burden of persuasion at trial — usually, but not always, a defendant — has both the initial burden of production and the ultimate burden of persuasion on a motion for summary judgment.” Nissan Fire & Marine Ins. Co., Ltd. v. Fritz Cos., Inc., 210 F.3d 1099, 1102 (9th Cir.2000).

“In1 order to carry its burden of production, the moving party must either produce evidence negating an essential element of the nonmoving party’s claim or defense or show that the nonmoving party does not have enough evidence of an essential element to carry its ultimate burden of persuasion at trial.” Id. “In order to carry its ultimate burden of persuasion on the motion, the moving party must persuade the court that there is no genuine issue of material fact.” Id. “The evidence of the nonmovant is to be believed, and all justifiable inferences are to be drawn in his favor.” Anderson, ATI U. S. at 255, 106 S.Ct. 2505 . However, “[t]he mere existence of a scintilla of evidence in support of the plaintiffs position will be insufficient; there must be evidence on which the jury could reasonably find for the plaintiff.” Id. at 252 , 106 S.Ct. 2505 .

IV. DISCUSSION

California’s stop notice law entitles contractors, subcontractors, and other persons identified by statute to serve a stop notice upon a construction lender. If properly served, the construction lender is required to withhold funds from the unex-pended balance of the loan sufficient to pay the contractor who served the stop notice. The lender may disregard an un-bonded stop notice, but failure to withhold funds after service of a bonded stop notice may render the lender personally liable to the claimant. See Connolly Dev., Inc. v. Superior Ct., 17 Cal.3d 803, 809 , 132 Cal. Rptr. 477 , 553 P.2d 637 (1976). The facts of this case are mostly undisputed. However, the parties disagree as to whether and how the stop notice law applies.

A. Written Preliminary Notice

A claimant serving a construction lender with a stop notice is usually re *737 quired to provide written notice to the owner, original contractor, and lender around the time he begins work. This notice must provide certain information about the claimant and the work he will perform. Notice must be given “not later than 20 days after the claimant has first’ furnished labor, service, equipment, or materials to the jobsite.” Cal. Civ. Code § 3097 (d). Failure to provide notice within the required 20 day time period limits the claimant to a stop notice only for work-performed within 20 days prior to service of the notice. Id. § 3097(a)-(d), repealed by Stats. 2010, c. 697 (S.B. 189) § 16, operative July 1, 2012)). 5 If the claimant serves a stop notice upon the lender more than 20 days after work has stopped, therefore, he is not entitled to a stop notice at all. See Romak Iron Works v. Prudential Ins. Co., 104 Cal.App.3d 767, 778 , 163 Cal.Rptr. 869 (1980) (claimant’s notice did not reach any work performed earlier than the 20 days preceding service).

Two notice provisions are at issue here. Section 3907(a) requires that notice be provided to the owner, original contractor, and construction lender. It exempts “one under direct contract with the owner.” Cal Civ. Code § 3907(a). Section 3907(b) requires that notice be provided only to the construction lender, and it exempts “the contractor.” Id. § 3907(b).

Because FFB was the construction lender, both subsections apply. If Kinetics was not exempt from both sections, then it was required to serve a 20-day notice on FFB. It is undisputed that Kinetics’ work on the Solyndra facility stopped at the end of August 2011. FFB Mot. at 8; Kinetics Mot. at 5; Mesnickow Decl. ¶¶ 17-18. It is also undisputed that Kinetics never provided a 20-day notice and that Kinetics did not serve its bonded stop notice until either January 23 or 24, 2012. FFB Mot. at 8; Kinetics Mot. at 9; Removal Not. Kinetics, however, argues that it is exempt from subsection (a) because it was under direct contract with the owner, and from subsection (b) because it was “the contractor.”

1. Direct Contract with the Owner

Kinetics’ contract was with Solyndra, but FAB 2 was to own the Front-End Site. FFB argues that, therefore, Kinetics was not under direct contract with the owner and not exempt from the notice requirement. Kinetics responds that So-lyndra and FAB 2 were substantial equivalents, and that Solyndra should be considered an owner. The Court need not resolve this issue. As described below, the Court finds that Kinetics was never “the contractor” under Section 3907(b), and was accordingly required to serve a 20-day notice upon FFB.

2. “The Contractor”

California courts have made clear that the exemption for “the contrac *738 tor” in subsection (b) applies only to “the prime or general contractor for the project, not multiple contractors, i.e., the subcontractors or others with direct contracts with the owner.” Shady Tree Farms v. Omni Fin., 206 Cal.App.4th 131, 138 , 141 Cal.Rptr.3d 412 (2012). The parties agree that Rudolph and Sletten was the original general contractor for the construction of the FronNEnd Site. However, Kinetics points to Westfour Corporation v. California First Bank, in which one contractor (Westfour) signed on to complete a building’s interior after two years of exterior renovation. The trial court in Westfour found that Westfour “had replaced [the contractor that worked on the exterior] as general contractor” and should be considered “the contractor” for the purposes of subsection (b). 3 Cal.App.4th 1554 , 1561— 62, 5 Cal.Rptr.2d 394 (1992).

The California Court of Appeals agreed that the evidence supported the trial court’s finding. Facts sufficient to support the finding that Westfour was “the contractor” included: (1) the construction contract referred to Westfour as “the contractor;” (2) the construction contract specifically contemplated that Westfour might hire subcontractors; and (3) Westfour always acted as a general contractor and not a subcontractor. Id. at 1562 , 5 Cal. Rptr.2d 394 . Additionally, the contractor that preceded Westfour executed a certificate of substantial completion several months before Westfour contracted with the owner. Id. at 1557 , 5 Cal.Rptr.2d 394 .

Both the text of Section 3907(b) and the cases interpreting it make clear that only one contractor can be considered “the contractor” at any given time. The Westfour court found that one contractor had succeeded another as “the contractor” on separate projects, not that multiple contractors could be considered “the contractor” simultaneously. Thus Westfour does not disturb the holding from Shady Tree that “the contractor” is the prime or general contractor. The Court proceeds to determine whether Kinetics succeeded Rudolph and Sletten as “the contractor” on the FrontAEnd Site.

Solyndra contracted with Kinetics pursuant to an Equipment Supply Agreement (“ESA”) between Solyndra and FAB 2. ECF No. 52 (“Nwachuku Decl.”) Ex. 2 (“ESA”). The ESA required Solyndra to provide FAB 2 with system integration (including hardware, software, automation, support systems, and seismic attachment systems); supplier management; interfaces and interoperability between the equipment supplied and the manufacturing execution system and factory information system; tool installation; permitting; regulatory compliance; and equipment support planning. Id. at FFB001815-FFB001816. The progress report submitted to DOE at the end of October also described other interior work, including “lobby stone tile, carpet, light fixtures, and finish paint.” ECF No. 65 (“Saltiel Decl. II”) Ex. 3 (“Progress Rpt. 13”) at FFB001596.

The tool installation section of the ESA provides that “[a]ll Tools will be installed with correct connections to Facility systems for ... specialty gases, natural gas, ... water and chemical drains, heat1 exhaust, acid exhaust, particle exhaust, and any other requirements.” ESA at FFB001816. Solyndra hired Kinetics only to “[c]onnect [Solyndra’s] tools to the pipes that were installed during the base build.” ECF No. 53 (“Saltiel Decl. I”) Ex. 1 (“Conner Depo. Pt. 1”) at 35:25-36:1. Those pipes were for “[c]hem, gas, waste, water, process exhaust.” Id. at 36:3-4. Thus Kinetics’ work on the project was limited to the tool installation component of the ESA. The financial aspects of the ESA also reflect Kinetics’ limited role: the con *739 tract price for the entire ESA was $318,852,553, but Kinetics’ contract was worth only $2,967,762 — less than one percent of the total value of the ESA. See Progress Rpt. 13 at FFB001595; Mesnick-ow Deck ¶ 14. These facts indicate that it would strain common sense to consider Kinetics “the contractor” on the project.

When Kinetics began work on the tool installation, a number of other contractors, including Rudolph and Sletten, CH2M Hill, and ACCO, were also present on the project site. See Saltiel Decl. II Ex. 1 (“Conner Depo. Pt. 2”) at 37:10-38:20. The parties agree that Rudolph and Sletten was the general contractor, at least for the purposes of work on the exterior of the factory. See FFB Mot. at 5; Nwachuku Deck ¶ 4; Kinetics Mot. at 1, 3. Kinetics nonetheless argues that, as in Westfour, Rudolph and Sletten was “the contractor” for construction of the exterior, while Kinetics was “the contractor” for the factory’s interior improvements. Kinetics Mot. at 3. However, the differences from Westfour are numerous and significant.

In Westfour, the contractor responsible for the exterior of the building finished work and executed a certificate of substantial completion several months prior to Westfour even contracting with the owner. Here, the original contractor was still on site when Kinetics started work, meaning that Kinetics could not have possibly succeeded Rudolph and Sletten as the only prime or general contractor. Indeed, Kinetics submitted its bid to Solyndra in May 2010 and began work in mid-2010. 6 Mes-nickow Deck ¶¶ 8-9. But Kinetics admits that the exterior work' — for which Rudolph and Sletten was the general contractor — ■ was not completed until December 2010, about six months after Kinetics began work. See Kinetics Reply at 5; ECF No. 69 (“Troughton Deck I”) Ex. B (“Finger Depo. I”) at 109:20-112:12. Unlike Westf-our, Kinetics was on-site while the original contractor was also present and completing its work. That fact makes it more difficult to separate the work done on the Front-End Site into two distinct projects, as the Westfour court did. Though the timing issue is not necessarily disposi-tive — presumably two different projects with two different prime contractors could occur simultaneously — it certainly makes Kinetics’ argument less credible. Because Kinetics provides no evidence that its portion of the work on the interior was a separate project from the rest of the Front-End Site construction (and interior work' not assigned to Kinetics), the Court declines to follow Westfour in this case.

Additionally, R.W. Beck (an engineering firm that DOE hired -to oversee construction) submitted a progress report to DOE in October 2010. The progress report mentions several contractors and subcontractors working on the Fronb-End Site: Rudolph and Sletten (described as “the general contractor”), CH2M Hill (responsible for “overall management of the engineering and design effort”), Studios Architecture (architectural consultant), Degenkolb Engineers (structural engineer), Kier & Wright (civil engineer and surveyor), and The Guzzardo Partnership (landscape architect). Progress Rpt. 13 at FFB001596. Kinetics is not mentioned once in the entire report, even though the report discusses interior work and tool connections in some detail. The inescapable conclusion is that Kinetics simply did not play a very large role relative to the size of the entire project. By contrast, in Westfour, the contract between Westfour and the owner described Westfour as the contractor for the entirety of the building *740 interior and envisioned Westfour hiring subcontractors. Here, Solyndra hired Ki-. netics to complete only a small, discrete portion of the work that Solyndra had promised to FAB 2, and several other contractors were also working on the factory simultaneously. Given these circumstances, it is impossible to conclude that Kinetics was the prime or general contractor.

' Kinetics makes two additional counterarguments. First, Kinetics argues that the language of the contract suggests that Kinetics was “the contractor.” Kinetics argues that the contract refers to Kinetics as “The Contractor.” Kinetics Opp’n at 10. But Kinetics supplies only purchase orders, not the contract, to support that claim. 7 See id.; Mesnickow Decl. Ex. C at KNTS0000003, KNTS0000116. It is not at all clear from the purchase orders that the designation “The Contractor” was meant to identify Kinetics as the prime contractor on the project. Indeed, the terms and conditions attached to the purchase orders refer to Kinetics as “Supplier.” Mesnick-ow Decl. Ex. C at KNTS0000005, KNTS0000118. There is no indication whatsoever that the terms “contractor” and “supplier” were used to indicate that Kinetics was .the prime contractor, rather than simply as a shorthand way to distinguish Kinetics from the other party to the purchase orders (Solyndra).

Finally, Kinetics argues that it is a licensed general contractor, and therefore should be considered “the contractor.” Kinetics Opp’n at 10. However, Kinetics’ general contractor’s license does not automatically make Kinetics “the contractor” for every project. Indeed, Kinetics did additional work on the Solyndra factory that is not at issue in this lawsuit. Kinetics did that work as a subcontractor to Rudolph and Sletten. See Kinetics Opp’n at 5; Conner Depo. Pt. 1 at 27:15-30:24. Therefore, unlike Westfour, Kinetics undoubtedly did not always work as a general contractor and not as a subcontractor.

For these reasons, the Court finds that Kinetics was never “the contractor” for the purposes of California" Civil Code Section 3907(b). There is substantial evidence&emdash;in fact, it is undisputed&emdash;that Rudolph and Sletten was “the contractor” for the purposes of Section 3907(b) until at least December 2010. Kinetics has failed to produce evidence sufficient to show that Kinetics became “the contractor” on the project at any subsequent point. Therefore, Kinetics was required to provide a 20-day notice to FFB. Because it is undisputed that Kinetics did not do so, Kinetics’ stop notice did not comply with the statute.

3. Actual Notice

Kinetics makes an additional argument that that a 20-day notice should not be required because FFB had actual notice that Kinetics was working on,the Fronb-End Site and because FFB suffered no prejudice due to lack of notice. Kinetics Opp’n at 15-16. There is no actual notice exception in the statute, which requires “written preliminary notice” as a “necessary prerequisite to the validity of ... a notice to withhold.” Cal. Civ. Code, § 3907(a)-(b). However, Kinetics cites two California cases as creating an actual notice exception.

The first such case is Industrial Asphalt v. Garrett Corporation. 180 Cal.App.3d 1001 , 226 Cal.Rptr. 17 (1986). Garrett Corporation (“Garrett”) leased real property and hired a contractor to improve it. The contractor in turn hired Industrial Asphalt (“Industrial”) as a subcontractor. *741 Industrial provided a preliminary 20-day notice to Garrett (considered the “owner” under Section 3907(a)) but not to the general contractor. Id. at 1004 , 226 CaLRptr. 17. The contractor filed for bankruptcy and failed to pay Industrial. Industrial recorded a mechanic’s lien and brought suit against Garrett to foreclose on the lien. The trial court held that Section 3907(a) required Industrial to provide written notice to both the contractor and the owner. Thus, even though Industrial did provide notice to the owner, its failure to notify the contractor defeated its claim.

'

The California Court of Appeal reversed. It noted that the “strict statutory construction would allow a party who received the required notice to be insulated from liability because another party did not receive notice.” Id. at 1006 , 226 Cal. Rptr. 17 . Refusing to accept “this aridly formalistic result,” the Court of Appeals held that Industrial’s notice to Garrett satisfied the 3907(a) notice requirement. Id.

To the extent that Kinetics claims Industrial Asphalt created an actual notice exception to Section 3907(a), Kinetics misreads that ca^e. The defendant in Industrial Asphalt received a valid and timely written notice from the subcontractor. It was a third party who did not receive the required written notice. The subcontractor was technically required by statute to serve the third party, but its failure to do so had no effect at all on the defendant. Were that the situation here — that is, had Kinetics served a valid 20-day notice on FFB but not on Rudolph and Sletten — this would be a very different case. But that is not what happened. Here, Kinetics failed to serve the defendant. Industrial Asphalt is inapposite.

The second case Kinetics cites is Truestone, Inc. v. Simi West Industrial Park II, 163 Cal.App.3d 715 , 209 Cal.Rptr. 757 (1984). In Truestone, the plaintiff alleged that the owner expressly promised to pay for deliveries of materials. Id. at 723 , 209 CaLRptr. 757. Though the plaintiff was technically a subcontractor, the court held that there were triable issues of fact as to whether the plaintiff was exempted from the notice requirement as one under direct contract with the owner. Kinetics cites language from Truestone to. the effect that “an exception to the statutory notice requirement precludes the defeat of the lien on meaningless technicalities where a ma-terialman is known to the property owner and makes deliveries in reliance on his promise to pay.” See Kinetics Opp’n at 15-16 (citing id.). However, the Truestone court also explicitly rejected the notion of an actual notice exception: “Because strict compliance with the statute is required, a claim of actual notice or substantial compliance is irrelevant.” Truestone, 163 Cal. App.3d at 721 , 209 CaLRptr. 757. The best reading of Truestone, therefore, is that Truestone counsels a broad definition of the direct contract with owner exception. Because the owner in Truestone expressly promised to pay the subcontractor, the subcontractor could be considered under direct contract with the owner and therefore exempt under Section 3907(a).

It is also telling that both Industrial Asphalt and Truestone deal only with Section 3907(a) and owners, rather than lenders. Lenders are a step further removed from the construction process than owners, and thus less likely to have dealings directly with potential lienholders. Neither case created an actual notice exception to Section 3907(a) or (b); indeed, Truestone explicitly states that no such exception exists. Industrial Asphalt held that notice to the defendant alone may be sufficient, even if notice to others is technically required, so long as it did not prejudice the defendant, failure to notice a third party does not defeat a contractor’s claim. *742 Truestone held that an owner who expressly promises to pay a subcontractor is sufficiently under direct contract with the subcontractor that the exemption in Section 3907(a) applies. Neither case has a bearing on the situation here.

Even were the Court, contrary to California law, to apply an actual notice exception, Kinetics has failed to produce evidence that FFB had sufficient actual notice. In support of its assertion that FFB had actual notice, Kinetics cites the deposition of Frederich Finger, an engineer for R.W. Beck. R.W. Beck was the Lender’s Engineer — the engineer that DOE hired to oversee the Solyndra construction projects. Kinetics argues that FFB designated DOE as its compliance agent, and that any knowledge that DOE or DOE’s Lender’s Engineer had should be imputed to FFB. Kinetics Opp’n at 16. Kinetics points to Mr. Finger’s testimony that (1) he reviewed contract pay applications, (2) he reviewed Solyndra’s monthly draw requests on the loan, and (3) he saw a contractor doing tool connection work at the Front-End Site. See id. at 17 (citing EOF No. 62 (“Troughton Decl. II”) Ex. A (“Finger Depo. II”) at 24, 34, 74). None of those facts indicate that Mr. Finger had actual knowledge that Solyndra had contracted with Kinetics. Indeed, Mr. Finger explicitly disclaimed any knowledge that Kinetics was working on the project. Finger Depo. II at 73:12-16. Nor does Kinetics present any evidence that Mr. Finger ever communicated any information regarding Kinetics to DOE or FFB.

B. Other Issues

The notice issue is dispositive. Because Kinetics failed to provide notice to FFB within 20 days of beginning work, the stop notice Kinetics served upon FFB is invalid. Though the parties raise a number of other issues in their motions, the Court need not reach them.

Y. CONCLUSION

The Court finds that Kinetics was required to provide notice to FFB under California Civil Code Section 3907(b) because Kinetics was not “the contractor” for the Fronb-End Site construction project. Kinetics did not provide the required notice, and its stop notice is therefore invalid. Accordingly, the Court GRANTS Defendant Federal Financing Bank’s motion for summary judgment and DENIES Plaintiff Kinetic Systems, Inc.’s motion for summary judgment.

IT IS SO ORDERED.

. ECF Nos. 50 (“FFB Mot.”); 61 (“Kinetics Opp'n”); 66 ("FFB Reply”); 55 (“Kinetics Mot.”); 63 ("FFB Opp'n”); 68 ("Kinetics Reply”).

. See also Pealo v. Farmers Home Admin., 412 F.Supp. 561, 563 (D.D.C.1976), rev’d 562 F.2d 744 (D.C.Cir.1977) (Congress established FFB "to provide a source of funds for Federal agencies so as to lessen competition among the agencies in the private money market and to provide lower interest cost to the United States.”).

. The Willis-Proctor Declaration has several exhibits, the first of which is the PFA; the PFA, in turn, has several Annexes consisting of form examples of documents required by the PFA. Annex 3 to the PFA is a form Note Purchase Agreement ("Form NPA”).

. The PFA makes an exception for "[a]d-vances to reimburse the Borrower for expenditures that it has made from its own working capital.” Form NPA § 7.2(b).

. Certain revisions to California’s stop-notice laws became operative on July 1, 2012, after the events giving rise to this case had completed. Therefore, the parties agree that the old Section 3097 notice requirement governs this case. The revisions mainly restyled and renumbered the applicable sections of the California Civil Code. See 44 Cal. Jur. 3d § 69 (section on mechanics’ liens and stop notices setting forth definitions which apply under either pre- or post-revision code). However, the revisions substantively changed the 20-day notice requirement by eliminating the exception for “the contractor.” Under the current law, then. Kinetics would indisputably have been required to provide a 20-day notice to FFB. One California court has interpreted the amendment to support the conclusion that Section 3907(b) exceptions only one prime or general contractor from the notice requirement. See Brewer Corp. v. Point Ctr. Fin., Inc., 223 Cal.App.4th 831, 850 , 167 Cal.Rptr.3d 555 (2014). The new version of the 20-day notice requirement is codified at California Civil Code Section 8200.

. The exact date is unclear, but Solyndra apparently issued a purchase order to Kinetics on June 14, 2010. Mesnickow Deck Ex. C at KNTS0000318.

. Kinetics argues that the contract with So-lyndra was "memorialized by a Kinetics' pro-posai and series of several purchase orders." Kinetics Mot. at 10.