Q: does a debtor need the POA's SSN, DOB, full name, Address, phone # and email to get information on the account?
i am trying to get information as a POA from an account set up by a prior POA for my grandmother. They are asking for all of my personal information to access her account stating "Banking laws require" it sounds odd since my information has nothing to do with her account.
A: Personally, I agree with you that all of that information about YOU, the attorney in fact, should not be required. Some of it, maybe, but not all of it. HOWEVER, the sad fact is what the bankers are telling you is correct. They have to satisfy government regulatory requirements that mandate that they obtain this information. The laws were enacted under the pretext of stopping and catching terrorists. But you are not a terrorist! The real solution is political. Write to or call your federal congressmen and tell them you are fed up with invasion of privacy at every level, starting with this one.
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