§ 2823 Surety Liability Delay Rule

• •If someone promises to pay your debt if you can't, they can't get out of it just because the person you owe takes a long time to ask for the money.
• •Even if the person you owe waits a while to ask for the money, the person who promised to pay still has to pay up.
• •The person who promised to pay your debt can't say 'You took too long, so I don't have to pay'.

You borrow money from a bank, and your friend promises to pay it back if you can't. The bank waits a year before asking for the money.

Your friend still has to pay the bank, even though the bank waited a year. They can't say 'You waited too long, so I don't have to pay'.