Banks Required to Accept a Power of Attorney Under NJ Statutory Law
Yesterday I wrote a post about how banks are routinely refusing to accept powers of attorney. I thought this statute may be helpful to people who may need to argue with the banks (at least in NJ anyway):N.J.S.A 46:2B-13. Banking institutions to accept power of attorney 4. With respect to banking transactions, banking institutions shall accept […]
Growing Problem of Banks refusing to Honor a Financial Power of Attorney
Please be advised that more and more banks are refusing to accept any financial power of attorney other than their own form. This may not be a huge problem if you are still competent, but if you become incapacitated later and have not sign the “Bank approved form”, it could make life very difficult for […]