The guarantor shall bear the responsibility, but if the guarantor fails to sign the transfer formalities, the guarantor shall no longer bear joint and several liability after the principal debt expires for six months.

In most loan contracts, there are guarantees, the purpose of which is to ensure that the loans issued by financial institutions can be recovered when the principal debtor fails to fulfill the repayment obligations.

However, in practice, some people are unfamiliar with the business, some people are at fault, and some are administrative orders, which often leads to the invalidity of the guarantee.