Co-Signor Loan Notice

Co-Signor Loan Notice

Notice Date:

Parties

Recitals

WHEREAS, Lender extended credit to Borrower evidenced by the loan identified above, the original principal amount of and related loan documents; and

WHEREAS, Co-Signor agreed to guarantee and secure Borrower’s obligations under the loan in the capacity of co-signor, by executing a guaranty or co-signature instrument dated ; and

WHEREAS, Lender is providing this written notice to Co-Signor concerning the current status of the loan, Co-Signor’s potential obligations, and the terms under which Lender may seek performance from Co-Signor.

Scope of Notice and Co-Signor Obligations

Purpose of Notice: This Notice informs Co-Signor of the loan status and the circumstances under which Lender may demand payment or exercise remedies against Co-Signor pursuant to the co-signature or guaranty instrument.

Loan and Payment Terms

As of the Notice Date, Outstanding Principal Balance: ; Accrued Interest and Fees: .

Late Fee: If a required payment is not received within days of its due date, Lender may charge a late fee equal to the greater of % of the missed payment or .

Term and Termination

Effective Date of Notice: . The obligations described herein are continuing and remain in effect until the loan is paid in full, the guaranty is released in writing by Lender, or otherwise terminated by operation of a written agreement signed by both Lender and Co-Signor.

Default; Remedies

Upon Borrower’s default under the loan documents, Co-Signor may be required to perform immediately upon demand. Lender expressly reserves all rights and remedies under the loan documents and applicable law, including but not limited to acceleration of the full indebtedness, collection costs, attorney fees, and enforcement of security interests. Any repayment arrangements agreed to between Lender and Co-Signor shall not constitute a waiver of any other rights unless set forth in a written waiver signed by Lender.

Confidentiality

The parties acknowledge that the information contained in this Notice, including loan balances and payment history, is confidential and may only be used for purposes of enforcement, collection, or as otherwise required by law. Co-Signor agrees not to disclose nonpublic information received from Lender except to counsel, accountants, or as compelled by lawful process. The obligations of confidentiality survive any termination of obligations under the loan documents to the extent permitted by law.

Governing Law

This Notice and any dispute arising out of or relating to this Notice shall be governed by and construed in accordance with the laws of the State of , without regard to its conflicts of law principles.

Entire Agreement; Amendments

This Notice, together with the loan documents referenced herein, constitutes the entire understanding between the parties with respect to the subject matter contained in this Notice. Any amendment or modification to this Notice must be in writing and signed by an authorized representative of Lender and Co-Signor to be effective.

Acknowledgment and Certification

By signing below, Co-Signor acknowledges receipt of this Co-Signor Loan Notice, confirms the accuracy of the contact and identification information provided, and certifies that Co-Signor understands the obligations and potential liabilities described herein. Co-Signor further acknowledges that receipt of this Notice does not alter any rights or defenses that Co-Signor may possess under the loan documents or applicable law, except as expressly set forth in a separate written agreement.

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