Document ID: chunk:federal_register_of_legislation:C2024C00826:clause:1_58
Version: federal_register_of_legislation:C2024C00826
Segment Type: clause
Provision Reference: sch 1 cl 58
Character Range: 838995–839692

58  Guarantor may withdraw before credit is provided
 (1) Although a guarantee has been made, the guarantor may nevertheless, by written notice to the credit provider:
 (a) withdraw from the guarantee at any time before credit is first provided under the credit contact; or
 (b) withdraw from the guarantee after credit is first provided under the contract if the credit contract made differs in some material respect from the proposed credit contract given to the guarantor before the guarantee is signed.
 (2) The guarantor may withdraw from a guarantee under this section to the extent only that it guarantees obligations under the credit contract.
 (3) This section is subject to section 61.