USDA is clarifying power of attorney requirements due to common misinterpretation of the intent of the guidelines by lenders. The clarification essentially states that if the power of attorney complies with state law, they are okay with it! Call me for further details.
| Posted on |
Rule Synopsis: [tweet-start]USDA Clarifies Power of Attorney requirements. Some Lenders misinterpreted guideline so call me for details![tweet-end] The Power of Attorney language revision to Chapter 16 of HB-1-3555 is more of a housekeeping/clarification issue than anything else. In summary, the Agency is saying that any Power of Attorney that complies with state law is eligible […]