BBBB Bonding Corp. v. Caldwell, No. A162453, 2021 Cal. App. LEXIS 1100 (Ct. App. Dec. 29, 2021)
Civil Code 1799.1 requires a creditor to provide any co-signer of a consumer credit contract with a specified warning about the risks of guaranteeing someone else's debt. And Civil Code 1799.5 provides that the creditor may not enforce the contract and any accompanying security interest against the co-signer if the statutory warning isn't given. This decision holds that these provisions… Read More