The Brest-Belarus Group
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The Takanot: Guarantees
The second Takana gives requirements for loan guarantors:


Takanot (2): 7 (second part), 8, 9, 10, 11, 12, 13

9. Only members of the society are eligible to act as guarantor.

10. The guarantor will pay the loan only after two months of no payment by the borrower.

11. A member cannot guarantee for more than one loan even if they are for two different borrowers.

12. Two guarantors from the society will not be accepted for a single borrower.

13. A guarantor will not take advantage of the borrower for any benefit to himself. He will perform this function only out of good faith and belief in charity.


 
Notes:

Page Last Updated: 22-Apr-2015