15-701 – Surety Not Discharged by Failure or Refusal by Creditor to Sue Principal Debtor.

§ 15-701. Surety not discharged by failure or refusal by creditor to sue principal debtor. Unless otherwise agreed between the parties in writing, the failure or refusal by a creditor, after a demand by a person bound as surety, to bring an action against a principal debtor upon a contract hereafter made or an obligation […]

15-702 – Surety Disclosure.

§ 15-702. Surety disclosure. 1. As used in this section: a. “Consumer” means a natural person. b. “Consumer credit transaction” or “transaction” means a loan or sale pursuant to which credit is extended to a consumer primarily for personal, family, or household purposes. The term does not include transactions pursuant to a consumer credit account. […]