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#2036658 - 09/01/15 05:05 PM Joint Intent - Guarantor limited to R/E
BNH Offline
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BNH
Joined: Feb 2013
Posts: 108
If we have a guarantor on a commercial loan who is not a principal of the business, is the wife of a principal of the business and is "limited to her ownership interests in the principal residence being held as collateral" would we need to have her sign a joint intent form for Reg B purposes?

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Lending Compliance
#2036681 - 09/01/15 05:56 PM Re: Joint Intent - Guarantor limited to R/E BNH
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 46,762
Bloomington, IN
If you are requiring her to sign the document to perfect your lien in the security where is the joint intent? There is none therefore no documentation is required.
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The opinions expressed are mine and they are not to be taken as legal advice.

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