TITLE 34
Property

CHAPTER 34-25.1
Reverse Mortgages

SECTION 34-25.1-13


§ 34-25.1-13 Attorneys-in-fact – Guardians.

All mortgagees shall require any person who executes reverse mortgage loan documents as attorney-in-fact for another to deliver at the closing a written, notarized certification as to all of the following: (1) That the power of attorney is then in full force and effect and has not been revoked or otherwise terminated; and (2) That the attorney-in-fact acknowledges his or her fiduciary obligations to the principal pursuant to the power of attorney with respect to the reverse mortgage loan.

History of Section.
(P.L. 2008, ch. 19, § 2; P.L. 2008, ch. 21, § 2.)