At a briefing in AIMK, with the participation of the head of the information service of the Association of Banks of Uzbekistan, Hadiya Abdullayeva, answers were given to topical questions received from citizens on the banking sector.
- Article 293 of the Civil Code specifies the responsibility of the guarantor. That is, in case of non-fulfillment or improper fulfillment by the debtor of the obligation secured by the order, the guarantor and the debtor are jointly and severally liable to the creditor.
Unless a different procedure is provided for in the contract of assignment, the guarantor is liable to the creditor in the same amount as the debtor.
Citizens note: think carefully before becoming a guarantor for someone. Because you will be equally responsible with the debtor for the return of the funds received with interest. Remember that violations in the payment of the loan will have a negative impact on your credit history.
