Get the free Co-maker Statement Form

LF011CO MAKERS STATEMENT FORM KNOW ALL MEN BY THESE PRESENTS: I, ___ of legal age, Filipino and an employee of/ resident of ___ bind myself in favor of the Cooperative Bank of Cagayan, as follows:

How to fill out co-maker statement form

How to fill out co-maker statement form

1. Obtain a physical copy of the co-maker statement form.
2. Read the instructions on the form carefully to understand the requirements and purpose of the form.
3. Fill in your personal information such as your name, address, contact details, and any other required identifying information.
4. Specify the name of the borrower for whom you are acting as a co-maker.
5. Provide details about your relationship with the borrower and your willingness to assume responsibility for their loan if they can't fulfill their obligations.
6. Carefully review the statements included in the form, ensuring that you understand and agree to each one.
7. Sign and date the form, indicating your consent and understanding of the contents.
8. Make a copy of the completed form for your records before submitting it to the relevant authority or institution.

Who needs co-maker statement form?

1. Co-maker statement forms are typically required by financial institutions or lenders.
2. These forms are used when an individual agrees to act as a co-maker or guarantor for a loan or financial obligation.
3. Both the borrower and the co-maker may need to complete and sign the form to provide the necessary information and consent.

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What is co-maker statement form?

The co-maker statement form is a document used in financial transactions where a co-maker, or guarantor, agrees to take responsibility for a loan or obligation alongside the primary borrower.

Who is required to file co-maker statement form?

The primary borrower and the co-maker, or guarantor, are typically required to file the co-maker statement form to formalize their agreement with the lending institution.

How to fill out co-maker statement form?

To fill out the co-maker statement form, provide the required personal information of both the borrower and the co-maker, details of the loan, and any other requested information as specified by the lending agency.

What is the purpose of co-maker statement form?

The purpose of the co-maker statement form is to establish the financial responsibilities of both the borrower and the co-maker, ensuring that the lender has recourse to both parties in the event of default.

What information must be reported on co-maker statement form?

The co-maker statement form must typically include the names, addresses, identification numbers of the borrower and co-maker, loan amount, terms of the loan, and signatures of both parties.