Mass. Gen. Laws ch. 140D § 24

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 140D:24 - Guaranty of obligations of other persons; notice of additional obligations

No person who executes a guaranty of the obligations of another in connection with an application by such other person for an open-end-credit plan or for an extension of credit other than an open-end-credit plan shall be liable as a result of such guaranty for an obligation not arising under such plan or extension of credit unless such person has been notified of such additional obligation in advance.

Mass. Gen. Laws ch. 140D, § 24