Power of attorney
Amit
(Querist) 28 December 2011
This query is : Resolved
I am an NRI living in India at present. I had sent a power of attorney (GPA) to my daughter in order to deal with my bank for mortgage renewel etc.
The bank is asking for a "Letter of Opinion" with the GPA.
Can someone please tell me what is this "Letter of Opinion" as I have no idea what are they talking about. I have never heard of a "letter of opinion" to be sent with the GPA, any ideas!!! Thanks
Devajyoti Barman
(Expert) 28 December 2011
Did you execute the GPA in India or from abroad?
If from India and the GPA is a registered one then no additional documents are required.
Deepak Nair
(Expert) 28 December 2011
A new term for me. i too would like to know what it is.
prabhakar singh
(Expert) 28 December 2011
So far I knew that a 'Letter of Opinion'is written to an editor of a newspaper or magazine expressing a reader’s opinion.
By analogy i guess that Bank is asking a letter addressed to it's branch manager from donor in his own hand writing to confirm the fact that in so and so way on such and such date he has appointed his daughter his POA to execute mortgage documents and do all in favor bank.
RAJU O.F.,
(Expert) 30 December 2011
Presume that the said 'letter of opinion' is the confidential status report about you, from your banker abroad.
Shonee Kapoor
(Expert) 02 January 2012
Even I would like to know more.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
V R SHROFF
(Expert) 02 January 2012
BANK ITSELF WILL CLARIFY.
WHAT MR. PRABHAKAR SINGH SAYS HAD A MEANING,
BANK MAY NEED A LETTER, FOR VERIFICATION, AND CONFIRMATION OF poa. Any way , it is new demand by Bank. Bank must be consulted, and get clarification of their requirement.
