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To embed, copy and paste the code into your website or blog: The 2021 increase to California’s homestead exemption to up to $600,000 stands to change the legal and economic relationship of guarantors with their lenders and vendors who make loans or sell goods or services on credit.  Before examining this important change in California’s homestead exemption and its effect on guaranties, some perspective is needed on guaranties themselves. In the stone ages when business loans were signed in a conference room with all parties present and exchanging pleasantries, I watched a borrower’s ...

Monday, March 8, 2021 The 2021 increase to California’s homestead exemption to up to $600,000 stands to change the legal and economic relationship of guarantors with their lenders and vendors who make loans or sell goods or services on credit. Before examining this important change in California’s homestead exemption and its effect on guaranties, some perspective is needed on guaranties themselves. In the stone ages when business loans were signed in a conference room with all parties present and exchanging pleasantries, I watched a borrower’s principal sign a personal guarant...