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Here you go...law was passed several years ago
Posted by Linda_H/FL of FL on 5/22/22 7:52am Msg #640184
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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Messages in this Thread
 dementia - obbie on 5/19/22 8:27pm
 Re: dementia -  Cheryl Elliott on 5/19/22 8:51pm
 Re: dementia - obbie on 5/19/22 9:05pm
 Recalling a time when I visited assisted care to notarize a -  Cheryl Elliott on 5/20/22 2:00pm
 Has he been deemed incompetent? - Linda_H/FL on 5/19/22 10:48pm
 Re: dementia -  JanetK_CA on 5/19/22 11:50pm
 just guessing - PaigeTurner on 5/20/22 5:51am
 Re: just guessing - obbie on 5/21/22 9:11am
 You did the right thing - PaigeTurner on 5/21/22 6:42pm
 Awkward situation. I'd be curious as to why the lender -  MW/VA on 5/20/22 8:52am
 Sounds like the lender is suspicious of the POA. Make sure -  MW/VA on 5/20/22 2:46pm
 Re: Awkward situation. I - PaigeTurner on 5/20/22 4:31pm
 That's not true - in Florida, if there is a viable POA in - Linda_H/FL on 5/20/22 4:36pm
 Re: That - PaigeTurner on 5/21/22 6:19pm
 Here you go...law was passed several years ago - Linda_H/FL on 5/22/22 7:52am
 Re: Here you go...law was passed several years ago - PaigeTurner on 5/22/22 6:23pm
 Re: dementia - Clem/CA on 5/20/22 9:15am
 Re: dementia - Carolyn Bodley on 5/20/22 9:29am
 Re: dementia - SC/CA on 5/20/22 1:02pm
 I would avoid it... - FeliseSoCal on 5/20/22 3:53pm
 Re: dementia - PaigeTurner on 5/20/22 4:34pm
 In the end no one wants to end up in court -  Cheryl Elliott on 5/21/22 8:18am
 Re: In the end no one wants to end up in court - obbie on 5/21/22 9:15am



 
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