As I said below, this is not a disability issue, but instead could, from the bank’s position, be treading on elder financial abuse. A family member presents a financial POA for a senior, in a nursing home, too weak to sign their name, so a signature by proxy allowing another person to sign for principal, and the senior does not go with family member to bank ???
And you don’t see where the bank could look at this as possible coercion, possible elderly abuse, possible theft and on and on and on?
The bank is protecting principal’s interest by requiring the principal’s fingerprint on a financial POA where a signature by proxy was used. Banks require fingerprints for cashing checks, so I applaud the bank requiring finger print on financial POA giving agent control of an elder’s money. I personally wish a law was passed requiring the POA signing be memorialized by video and audio. |
