DIY Legal Forms

“Help us to stay online by your kind donation.

Every penny will help.”

PayPal

Guaranty of Collection

1. Identification of Parties and Obligation. I, [name] (Guarantor), residing at [address], having received ........ as consideration, guarantee collection of [list of principal obligations, e.g., note, advances], executed by [name] (Obligor), residing at [address], to [name] (Obligee), residing at [address].

2. Limitation of Guaranty. This is a guaranty of collection only. As Guarantor, I will not make any payment to Obligee until Obligee diligently takes all legal steps to collect from Obligor and fails at those attempts.

3. Waivers. As Guarantor, I waive presentment, notice of dishonor, and protest in regard to this Guaranty of collection.

[dated]

[signature]

Guarantor

*** If Required By State Law ***

This Section for Notary:

Acknowledgment

State of _________

County of ________ [County]

On [Date] before me, [Name of Notary], notary, personally appeared [Name of Person(s) Involved], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.

Signature ________
Notary

My commission expires: _____

(Seal)