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#723755 - 04/28/07 03:21 PM Reg. B - Guarantor vrs. Co-Signer
Hotch Kiss Offline
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Joined: Apr 2007
Posts: 3
Reg.B is clear that a creditor may require the personal guarantee of partners, directors and shareholders of a closely held corp. In answer to a BankersOnline subscriber's question of 4/16/07, David Dickinson stated that you can't make the aforementioned a co-borrower or co-signer, they can only guarantee. Has anyone had any regulatory experience with this issue?

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Lending Compliance
#723771 - 04/29/07 08:39 PM Re: Reg. B - Guarantor vrs. Co-Signer Hotch Kiss
SavannahOne Offline
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Joined: Sep 2005
Posts: 1,163
Georgia
The only time I've ever seen this issue come up is where someone adds all the partners of an LLC to a note in an attempt to squeeze a commercial loan through consumer residential mortgage underwriting standards.

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#723850 - 04/30/07 02:00 PM Re: Reg. B - Guarantor vrs. Co-Signer SavannahOne
Hotch Kiss Offline
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Joined: Apr 2007
Posts: 3
Thanks for your reply.

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