For $_________________ and other good and valuable consideration, __________________, CREDITOR, releases ____________________________________, GUARANTOR from that certain a guarantee agreement related to ________________________________ owed by ______________________________ to CREDITOR dated ____________________________.
_______________________________ By Creditor
Discharge of Guarantor
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.
1. Make multiple copies. Give one to each party. Keep one in your home safe and with your financial papers.
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