§ 34-25.1-13 - Attorneys-in-fact – Guardians.
SECTION 34-25.1-13
§ 34-25.1-13 Attorneys-in-fact –Guardians. – All mortgagees shall require any person who executes reverse mortgage loandocuments as attorney-in-fact for another to deliver at the closing a written,notarized certification as to all of the following: (1) That the power ofattorney is then in full force and effect and has not been revoked or otherwiseterminated; and (2) That the attorney-in-fact acknowledges his or her fiduciaryobligations to the principal pursuant to the power of attorney with respect tothe reverse mortgage loan.