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Is it fraud for a power of attorney to take out a home loan?
Cmckimm50
If the home loan can be proven to be to the benefit of the principal then there should be no problem. If it is to the benefit of the agent alone then the matter has to be investigated.
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∙ 13y ago
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What should you do if you were tricked into co signing a student loan?
Consult an attorney. You may be able to show criminal fraud.
Will power of attorney be liable for existing loan?
No. A power of attorney is only an authority to act on your behalf while you are living.
Can A Power of Attorney make a loan from a nursing home patient bank account?
No. That would constitute a classic conflict of interest and self dealing.
Does defaulting on a payday loan constitute check fraud?
Defaulting on a payday loan does not, in and of itself, constitute check fraud.
What will happen to you if you abscond a bank loan and fly back to your home country?
It depends on whether it's considered "fraud". The bank can go after you wherever you are if it's determined to be fraud.
Is BAC Home Loan Servicing LP a fraud?
Yes, bac home loan servicing lp it's the bigger fraud in the history, they are country wide but with a different name now, so they continuo committing the same fraud that angelo mosilo did for many years, i believe that every American and more that half of the world knows that right? , thanks.
Is an online payday loan internet fraud?
no,its fraud by mis -representation
What if someone put your information on a loan as a co-signer and you didn't approve it and it went through anyways?
What you are describing, if I am understanding correctly, is another party acquired your personal information and used it to obtain a loan. If that is the case and you did not sign the loan documents and you have not given the other party power of attorney to act on your behalf, then this would be considered fraud and most likely, identity theft You should contact the lender and file a fraud report with them. Additionally, you should file a report with your local law enforcement agency.
If you have a cosigner that is not present for a private party car loan can a power of attorney be used to have another person sign for them in the precense of a notary?
Yes in certain situations the dealer will allow a power of attorney to sign for car.
Can a collection agency issue a warrant for a payday loan check that went back?
If a Payday Loan company hires a collection agency to collect on your account they can send your account to an attorney to collect the amount of the loan and any NSF fees that you have accumulated. However, it is stated at the bottom of your contract that if you close your checking account that the loan is made from, that you can be charged with fraud.
What if someone refinance your house using a power of attorney without your knowledge are you repsonible for the new loan?
If you gave that person a power of attorney then the wording of the power will be specific fabout what they are entitled to do. Usually, however, even i you gave them authority to mortgage your property then they should only do so if it is in your best interest and if they are directing the proceeds towards your benefit. Generally, most loan companies will be reluctant to have loan agreements or charge documents signed by anyone other than the home owner. This answer applies to the law of England & Wales. Different answers may apply in different jurisdictions, but the principles are probably similar.
What are some different kinds of check fraud?
Check washing, kiting (more than one bank you have and you write bad checks to cash at your other bank)
