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Power of Attorney Lenders

Obermayer Rebmann Maxwell & Hippel LLP

Update: The Consequences of Modifying Pennsylvania's Powers of Attorney Statute Potential Impacts on Commercial Loans & Leases

On April 14, 2015, pending legislation was passed by the Pennsylvania House Judiciary Committee to resolve the current state of flux of confession of judgment provisions and the bill was sent to the Pennsylvania House of...more

Ballard Spahr LLP

Changes to Pa. Power of Attorney Law: A Problem for Commercial Transactions

Ballard Spahr LLP on

Secured lenders and other parties entering into commercial transactions face new, potentially problematic requirements under recent changes to Pennsylvania’s statute governing powers of attorney (20 Pa.C.S.A. Ch. 56), which...more

Poyner Spruill LLP

Read the Fine Print! Restrictions in a Power of Attorney May Invalidate Loan Documents

Poyner Spruill LLP on

On November 6, 2012, the North Carolina Court of Appeals ruled in a unanimous decision that several commercial guaranties were invalid when signed by an attorney in fact, pursuant to a power of attorney which contained a...more

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