Can a Cosigner Be Released From Responsibility to Repay the Loan?

Some lenders offer ways the cosigner can be released from paying the loan, meaning they are no longer responsible to repay it. For example, after making a certain number of consecutive monthly payments on time, the borrower can request to have the cosigner released. Releases are not automatic. The borrower also typically has to meet certain credit requirements, which will be the same as or similar to those applicable to borrowers applying for loans by themselves. Second, if the borrower dies, some lenders allow the cosigner to be released from responsibility for the loan.  Additional information can be found on your promissory note.