liability of bank surety

Querist : Anonymous (Querist) 22 March 2011 This query is : Resolved

Sir,
My anti is no more but she had been a surety for bank loan of one of her friend. her friend is absconding but banker has send a notice to my anti, what will be the status of my anti, whether her liability continues after her death ? or is it shifts to her successors ? what me happen on such situation ? Please suggest me to solve this problem.

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Guest (Expert) 22 March 2011
That depends upon the language of the surety bond, your aunt would have signed. Normally the banks include the liability of the heirs also in the language of the surety bond. So, please check from the language used in the surety bond.

Querist : Anonymous (Querist) 22 March 2011
Thank you sir,

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