Legal Question in Business Law in Indiana
Power of Attorney
Does a Power of Attorney to act on your behalf regarding financial and real estate transactions with a financial institution (bank) have to be recorded with the County Recorder
to be valid ?
Asked on 9/11/02, 2:10 pm
1 Answer from Attorneys
John Bator
Bator Redman & Shive
Re: Power of Attorney
If you are signing documents with respect to a mortgage loan then I would, as bank counsel, require that the POA be recorded-that puts anyone on notice who searches the real estate records that the mortgage is valid when signed by someone acting undera POA
Answered on 9/12/02, 11:42 am
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