format of power of attorney

PRACHI (Querist) 09 August 2009 This query is : Resolved
pl.provide me format of power of attorney taken by the bank from the borrower when property is mortagrd and on that basis loan has been granted

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A V Vishal (Expert) 09 August 2009
Your query is missing details, why does a bank require a POA when the property is being mortgaged rather it will require a mortgage deed. Kindly furnish complete details.

Guest (Expert) 10 August 2009
This type of GPAs are usually done by private persons only, who lend money on immovable properties.

Obtaining a GPA along a mortgage deed is not tenable in law.

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