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Code · California · Financial Code

§ 14954

51 words·~1 min read·/ca/financial-code/14954

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For the purposes of this chapter, a person who is not an applicant for an extension of credit or the creation of an obligation with the credit union but guarantees performance of the underlying obligation is a surety. A surety may act as security pursuant to subdivision
(a)of Section 14955.
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