Can a power of attorney sign for a car loan?

Answer 1

It depends on the power that the POA-holder was granted. If they hold a POA for only specifically named situations - and selling property is not listed - then they cannot. If they hold a 'general POA, then yes, they can sign in lieu of the individual who granted it to them.

Answer 2

Perhaps, it depends upon the type of POA the person holds. Not all POA's allow the named person (grantee) the right to sell property belonging to the grantor. If there is any doubt as to the coverage of the POA the best option would be to contact the attorney who handled the POA petition or if done pro se, have the POA reviewed by an attorney or qualified legal representative such as a paralegal.

Answer 3

Whether or not authorized in a power of attorney instrument, typically an agent may not:

Perform duties under a contract that requires personal services of the principal;

Make an affidavit as to the principal's personal knowledge;

Vote on behalf of the principal in a public election;

Execute or revoke the principal's will or codicil; or

Exercise powers or authority held by the principal in a fiduciary capacity.

Answer 4

Yes. You can place yourself on the title, however, you must act in the best interest of the Principal, and not abuse your given authority. It can be revoked, or you can be challenged that it is not in the Principal best interest or acting as they would.

Answer 5

That depends on whether the loan is made at the request of the principal and whether the lender will accept the signature of the attorney-in-fact. The lender will most likely want to negotiate with the borrower in person. Also, the title, registration and insurance would need to be in the name of the principal and the principal would probably need to have a valid driver's license.

You need to speak with the lender.