When it is necessary or desirable to perfect security interests in aircraft, engines, propellers or spare parts in the United States a lender must consider a multitude of issues. For many lenders and their counsel the process of recording instruments with the Federal Aviation Administration (the "FAA") and registering aircraft in the United States needlessly remains a mystery. The following is an explanation of the most critical issues a lender must address to ensure that documents submitted to the FAA will be accepted for recording.
Can a Power of Attorney designate POD for a social security representative payee account?
Is there any requirement to return paid notes and canceled mortgages or other such documents to the borrower when the loan is paid off? Our management is trying to save time and postage.
We have an elderly customer who has a savings account with a fair amount of money in it. She must have Alzheimer's or some kind of mental problem and is very confused all of the time. She never makes any sense in her requests. In fact, her latest request is that we find her a house with water. (We believe she may have even had her water cut off at her home due to delinquent payments, but we don't know.) She brought in numerous social security checks the other day that she has been "saving". They were over a year old, so we sent them to social security and they are supposed to re-issue her new ones. She refuses to have her checks direct deposited and she doesn't want anybody to know her "business". A daughter brings her to the bank, but always waits for her in the car. What should we do about this situation? Try and talk to the daughter? We think she needs a guardian or power of attorney. We don't really have any right to say a whole lot to anyone, but we are concerned for her well-being.