CreditWiseConfident Decisions

Power of Attorney

Legal authorization granted to consortium banks to create and register mortgages on behalf of the corporate borrower.

Power of Attorney Wizard

Step 1 of 2
1
Borrower
2
Consortium
Company Identification

Legal Protocol

A Power of Attorney for mortgage must be registered with the Sub-Registrar to be legally enforceable for property transactions.

  • Must be executed on non-judicial stamp paper of prescribed value.
  • Grants irrevocable authority until the loan is fully discharged.
Banking Audit Note
For 2026 compliance, ensure the POA specifically mentions the "power to register" before the Sub-Registrar.