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Remote Online Notary Network
Notarize Your Documents Online
with a Professional Electronic Notary
Personal Guarantee
Learn More About Online Notarization for
Personal Guarantee
A personal guarantee is a legal document where an individual agrees to be personally responsible for a debt if the primary borrower defaults. It is often used in business loans or credit agreements. This document provides lenders with additional security in case the borrower fails to repay the loan.
Why Use a Remote Online Notary
Notarizing a personal guarantee ensures that the guarantor is fully aware of their financial responsibilities and is agreeing to the terms voluntarily. It verifies the identity of the guarantor, adding legal protection for the lender. Notarization provides proof that the guarantee was signed willingly, making it enforceable in case of default. It also helps prevent disputes or challenges to the validity of the guarantee.
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