Co-Signer Agreement Template

Disclaimer

The information provided here is intended solely as a general example for contractual purposes related to secondary guarantors. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney experienced in financial agreements or lease law. Laws and regulations may vary by jurisdiction, and modifications may be necessary to ensure compliance with local requirements. The use of this example is the user’s sole responsibility, and we assume no liability for any errors, omissions, or consequences resulting from its use without professional review.

Please note: This sample Co-Signer Agreement is provided for informational purposes only. Wording may vary slightly to suit specific circumstances.

Co-Signer Agreement Sample

Parties Involved:

Primary Borrower: Emily Johnson
Address: 789 Maple Street, Chicago, IL 60614

Co-Signer: Michael Brown
Address: 321 Oak Avenue, Chicago, IL 60615

Purpose of Agreement:

This agreement confirms that the Co-Signer agrees to guarantee the repayment of the loan made to the Primary Borrower under the terms specified herein, and to assume liability should the Borrower default.

Loan Details:

Loan Amount: $10,000
Lender: ABC Bank
Loan Term: 36 months
Interest Rate: 5% per annum

Obligations of the Co-Signer:

The Co-Signer agrees to be jointly responsible for the repayment of the loan on the terms outlined, including any accrued interest, late fees, and costs associated with collection efforts.

Governing Law:

This agreement shall be governed by the laws of the State of Illinois. Any disputes shall be resolved in the courts of Cook County.

Additional Terms:

• The Co-Signer affirms their financial ability to fulfill the obligations of this agreement.
• This agreement is binding until full repayment of the loan, including all interest and fees.
• Both parties agree to provide updated financial information if requested during the loan term.

Chicago, ______________________