Guarantee Insurance Company, a subsidiary of Patriot Risk Management, Inc., announced that Chris Rhoden has joined its team as Underwriter, Alternative Markets. In his new role, Mr. Rhoden will ...
SUMMARY: The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) (collectively, the ...
Hosted on MSN

What Does a Guarantor Do?

A guarantor is a person who agrees to take responsibility for a borrower’s debt or other financial obligation in the event of a default. Depending on the type of guarantee needed, a guarantor can be ...