This is a template used to create and fill-out a Revocation of Power of Attorney Form which is a document between a borrower and a lender containing details of the loan for record and tracking of payment.
A Revocation of Power of Attorney, or also referred to as a Notice of Revocation, is a legal document that is used to revoke or cancel a Power of Attorney. A principal, the person who has appointed power in a power of attorney, can use this legal document to revoke the power of attorney appointed to his or her agent, or also referred to as his or her attorney-in-fact or donor.
The agent, donor, or attorney-in-fact is a person allowed to act on his or her principal’s behalf. If the power of attorney of an agent, donor, or attorney-in-fact has not yet been revoked, he or she has the right to continue legally acting for his or her principal. Once the principal decides to revoke the power of attorney appointed to his or her agent, donor, or attorney-in-fact, he or she will no longer be able to act on the principal’s behalf.
Moreover, a power of attorney can be revoked at any time. Even if the power of attorney has a specific ending date, a Revocation of Power of Attorney or Notice of Revocation can be filed as long as the principal is competent and his or her agent, donor, or attorney-in-fact is notified about the matter.
In addition to this, whenever the principal decides to file a Revocation of Power of Attorney or Notice of Revocation, he or she must also notify all of the third parties involved in their transactions like land title offices or certain banks. Furthermore, if the power of attorney was registered or filed with a certain entity such as the Land Titles Office, the Revocation of Power of Attorney or Notice of Revocation must be registered as well.
Once the principal decides to have the power of attorney that was appointed to his or her former agent, donor, or attorney-in-fact, the principal must also have to prepare a new one as a replacement. An attorney will be able to assist the principal regarding the drafting of a new power of attorney.
A principal could have a number of reasons to file a Revocation of Power of Attorney or Notice of Revocation. Some of the reasons why a principal wants to revoke his or her power of attorney may include the following but are not limited to:
A complete Revocation of Power of Attorney or Notice of Revocation must contain the following information:
To fill out the Revocation of Power of Attorney, one must provide the following information:
Name of Principal
Have the person revoking the durable power of attorney enter his or her full legal name.
Name of Former Agent with Revoked Power of Attorney
Enter the full legal name of the person who is being revoked of his or her power of attorney.
Address of Former Agent with Revoked Power of Attorney
Enter the address of the person who is being revoked of his or her power of attorney.
Date of Power of Attorney Execution
Enter the date when the power of attorney was executed.
Location of Power of Attorney Execution
Enter the location where the power of attorney was executed.
Name of Principal
Have the person revoking the durable power of attorney enter his or her full legal name.
Signature of Principal
Have the person revoking the durable power of attorney affix his or her signature.
Once the principal has signed this Revocation of Power of Attorney, the revocation will be completed and will be applied to any document or actions executed after the indicated date. This Revocation of Power of Attorney will not apply to any documents or actions executed prior to the indicated date.
Notary Seal
Have the notary public who witnessed the signing of this Revocation of Power of Attorney enter his or her notary seal.
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