CPA Regulation (REG) › Surety Agreements
Which of the following rights does a surety have?
I. Right to compel the creditor to collect from the principal debtor
II. Right to compel the creditor to proceed against the principal debtor’s collateral
Brown cosigned Royal's $50,000 note to State Bank. If Royal is later adjudicated mentally incompetent, what would be Brown's liability on the note?
Which of the following events will release a noncompensated surety from liability?
Of the following rights and liabilities, which does a surety have?
Per the Federal Fair Debt Collection Practices Act, which of the following would a collection service using improper debt collection practices be subject to?
Of the following defenses, which would a surety be able to assert successfully to limit the surety’s liability to a creditor?