The guarantor's signature and official seal of the bank are valid. If there is an official seal, then it must be a legal person as a guarantor. If the debtor does not pay back the money, it depends on whether it is a general guarantee or a joint guarantee. If it is a joint guarantee, the creditor may directly ask the guarantor to pay back the money. In practice, the debtor and the guarantor are usually sued at the same time. If it is a general guarantee, then the creditor needs to ask the debtor for money first. If the debtor does not pay back the money, he must sue the debtor first.

Characteristics of guarantor

Of course, there are opportunistic factors in borrowers' lending, but as creditors, financial institutions also have certain responsibilities. When lending money, they did not strictly examine the subject qualification of the guarantor, nor did they ask the guarantor to provide a business license. Only the guarantor stamped and signed the guarantee contract to establish the guarantee. In order to make a loan, the loan officer of a financial institution requires the borrower to provide a guarantor according to the law or the internal regulations of the bank.