Which document contains all credit support provided by third-party guarantors who are not primary lessees?

• A. Guaranty
• B. UCC Filing
• C. Real Estate Waiver
• D. Fixture Filing

Answer: (A)

The fundamental idea is that credit support from third-party guarantors is documented in a guaranty. A guaranty is a contract in which a guarantor agrees to pay or perform the borrower’s obligations if the borrower defaults, providing additional assurance to the lender beyond the primary lessee. It names who the guarantor is, what obligations are guaranteed, and the scope, limits, and duration of the guarantee. This instrument focuses specifically on the guarantor’s promise to back the debt, which is distinct from security interests or liens on collateral.

In contrast, a UCC filing or a fixture filing is about perfecting a lender’s security interest in collateral to secure the loan, not about the guarantor’s promise. A Real Estate Waiver involves property rights rather than credit support. Therefore, the document that contains all credit support provided by third-party guarantors who are not primary lessees is the guaranty.