A power of attorney (POA) is a written authorization to represent or act on another's behalf in private affairs, business, or some other legal matter. A power of attorney may be used when a customer is legally unable to make decisions, or may be unable to attend a meeting, or to sign loan documents. When a transaction is handled by someone other than the named customer, verification of POA is required.
There are several types of POAs that grant different permissions, so court documents may be requested to verify that the appropriate level of authority is provided for the transaction.
In transactions involving an individual who is unable to make decisions for himself or herself, proof of this may be requested via court documents or a letter from a medical professional.
Avoid delays in processing your application
For all documents:
- Make sure the copies you send are legible.
- Do not include documents that have been altered with correction fluid or by other means.
- Submit the entire requested document and include all pages (even blank ones).
For this document:
- Provide the appropriate documents.