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You are replying to this message: | | Posted by Linda_H/FL on 5/22/22 7:52am
due to banks/lenders making a habit of this...
"Florida statute 709.2120 states that a bank, or business, cannot unreasonably reject a power of attorney. An agent seeking to enforce a power of attorney against a bank, that has unreasonably rejected the power of attorney, can be awarded costs and attorney’s fees. A bank that rejects a power of attorney does so at its own peril."
http://www.floridaestateplanninglawyerblog.com/can-a-bank-reject-a-power-of-attorney-in-florida/#:~:text=Florida%20statute%20709.2120%20states%20that,awarded%20costs%20and%20attorneys%20fees.
Now, as I said, as long as the POA in hand allowed the AIFF to mortgage, lease, sell and/or encumber the real property, the lender cannot reject it here in FL. Maybe, in this case, there was an issue with the original POA. |
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