What is required on a check endorsed by a Power of Attorney (POA)?
Understand the Problem
The question is asking what specific requirements must be met for a check to be valid when endorsed by a Power of Attorney. It is examining the necessary signatures and conditions that should be present on such a check.
Answer
The check should be endorsed with '[Principal's Name], by [Agent's Name], as Power of Attorney.'
The check should be endorsed with the principal's name followed by the agent's signature, like '[Principal's Name], by [Agent's Name], as Power of Attorney.'
Answer for screen readers
The check should be endorsed with the principal's name followed by the agent's signature, like '[Principal's Name], by [Agent's Name], as Power of Attorney.'
More Information
Endorsing a check correctly as a POA helps affirm the agent's authority and prevents potential rejections during financial transactions.
Tips
Avoid omitting the principal's name or failing to indicate your role as attorney-in-fact; doing so may lead to issues with bank processing.
Sources
- How to Sign a Check as Power of Attorney - bluenotary.us
- How to Endorse a Check as a Power of Attorney | Legal Beagle - legalbeagle.com
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