Discharge
of Guarantor
For $_________________
and other good and valuable consideration, __________________, CREDITOR,
releases ____________________________________, GUARANTOR from that certain a
guarantee agreement related to ________________________________ owed by
______________________________ to CREDITOR dated ____________________________.
Dated:
___________________________
_____________________________________________
_______________________________
By Creditor
Discharge of Guarantor
Review List
This review list is provided to inform you about this
document in question and assist you in its preparation. As a guarantor, you can seek discharge on a
variety of grounds. Sometimes a modest
direct payment will get you off the overall guarantee. It is well worth getting in any case. Often,
the guarantor can get reimbursed in whole or in part by the party they made the
guarantee for. This is a matter of
negotiation, best handled with the original loan and guarantee documents.
- Make multiple copies. Give one to each party. Keep one in your home safe and with your financial papers.
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