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What are the legal differences between a co-borrower co-maker co-signer and guarantor?

A co-borrower, co-maker, or co-signer make a promise to a lender to repay a note or complete an agreement. The co-borrower, co-maker, or co-signer are generally not the primary recipient of the note or agreement but simply provide additional guarantees to the lender. This is usually done when the borrower, maker, or primary signer does not provide sufficient security or confidence to the lender.


Who owns co-operative?

The members of the co-operative own it.


Is cooperative society and cooperative bank are same?

Co-operative Society and Co-operative Bank are different in nature. Co-operative Bank example District Co-operative Bank, Primary Agricultural Co-operative Bank, Urban Co-operative Bank with which we can able to financial transaction such as SB Account, Current Account & Terem Deposit Co-opeartive Society is specific in nature such as Co-operative Housing Society etc.


Does a cosigner have to be physically present to co-sign a loan?

Yes the co-signer has to be physically present to co-sign a loan


Is the co signer the same as the co buyer?

No. The co-buyer has an ownership interest in the property. The co-signer does not and only guarantees the loan will be paid. The co-signer is equally responsible for paying off the loan if the primary borrower fails to pay.No. The co-buyer has an ownership interest in the property. The co-signer does not and only guarantees the loan will be paid. The co-signer is equally responsible for paying off the loan if the primary borrower fails to pay.No. The co-buyer has an ownership interest in the property. The co-signer does not and only guarantees the loan will be paid. The co-signer is equally responsible for paying off the loan if the primary borrower fails to pay.No. The co-buyer has an ownership interest in the property. The co-signer does not and only guarantees the loan will be paid. The co-signer is equally responsible for paying off the loan if the primary borrower fails to pay.