- Jurisdiction
- Florida
What's the penalty when a fanancial institution fails to provide a written explanation why a power of attoney document was declined?
The first document was written by my brother and was rejected immediately at the bank. He sent it for formal review and it was declined because it wasn't notorized correctly and needed an additional witness. However, they failed to send the written explanation.
I took the first document to be amended with a 2nd witness. However, they wouldn't do this and recommended to get a standard POA form for this state.
The bank said the 2nd document looked in order. However, it too was declined. They said the the agent's relationship needed to be noted. However, I haven't found anything online that supports that. They also said there wasn't two witnesses which is not true.
The first document was written by my brother and was rejected immediately at the bank. He sent it for formal review and it was declined because it wasn't notorized correctly and needed an additional witness. However, they failed to send the written explanation.
I took the first document to be amended with a 2nd witness. However, they wouldn't do this and recommended to get a standard POA form for this state.
The bank said the 2nd document looked in order. However, it too was declined. They said the the agent's relationship needed to be noted. However, I haven't found anything online that supports that. They also said there wasn't two witnesses which is not true.