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1. Principal's Details: Full name, address, and contact information of the person giving the authorization
2. Authorized Party's Details: Full name, address, and contact information of the person or company being authorized to collect
3. Authorization Statement: Clear statement of authorization, specifying the power to collect debts or payments on behalf of the principal
4. Scope of Authority: Specific details of what the authorized party can do, including collecting payments, negotiating settlements, issuing receipts
5. Debt/Payment Details: Information about the specific debt or payment to be collected, including amount, debtor details, and reference numbers
6. Duration of Authority: Time period for which the authorization is valid, including start date and end date if applicable
7. Signature Block: Space for date, signature of the principal, and any required witness signatures
1. Data Protection Statement: Statement regarding handling of personal data under GDPR, used when sensitive personal information will be shared
2. Revocation Terms: Terms under which the authorization can be revoked, included when the principal wants explicit revocation rights
3. Substitute Authorization: Permission for the authorized party to delegate collection authority to others, used when such flexibility might be needed
4. Reporting Requirements: Obligations of the authorized party to report collection progress, included for more complex collection situations
5. Compensation Terms: Details of any fees or compensation for the collection service, included if the authorized party will be paid
1. Debt Documentation: Copies of relevant invoices, contracts, or other documents proving the debt
2. Identity Verification: Copies of identification documents of the principal
3. Previous Collection Attempts: Documentation of any previous attempts to collect the debt, if applicable
Financial Services
Legal Services
Debt Collection
Banking
Insurance
Real Estate
Professional Services
Retail
Healthcare
Education
Manufacturing
Construction
Legal
Finance
Accounts Receivable
Credit Control
Collections
Compliance
Risk Management
Customer Service
Operations
Treasury
Administration
Credit Manager
Collections Specialist
Accounts Receivable Manager
Legal Counsel
Compliance Officer
Finance Director
Debt Collection Agent
Treasury Manager
Financial Controller
Risk Manager
Business Development Manager
Customer Service Manager
Operations Manager
Payment Processing Specialist
Legal Administrator
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