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1. Parties: Identification of all relevant parties: the Principal (property owner/borrower), the Authorized Person (third party), and the Bank/Financial Institution
2. Background: Brief context explaining the purpose of the authorization and the underlying mortgage transaction
3. Definitions: Key terms used in the document including Property, Mortgage, Authorization Period, and Authorized Acts
4. Scope of Authorization: Detailed description of the powers being granted to the third party, including specific actions they can take regarding the mortgage
5. Property Details: Full legal description of the property subject to the mortgage
6. Duration of Authorization: Specification of the time period for which the authorization is valid
7. Representations and Warranties: Declarations by the Principal regarding their capacity and authority to grant the authorization
8. Obligations of Authorized Person: Duties and responsibilities of the third party when acting under this authorization
9. Revocation: Terms and conditions under which the authorization can be terminated or revoked
10. Governing Law: Specification that Hong Kong law governs the authorization
11. Execution: Signature blocks for all parties with witness requirements
1. Chinese Translation: Parallel Chinese text of the authorization form, required if any party prefers Chinese or if the bank requires bilingual documentation
2. Specific Transaction Authorization: Details of specific mortgage transaction if the authorization is for a particular mortgage application rather than general authority
3. Powers of Attorney: Additional section needed if the authorization is to be registered as a formal power of attorney
4. Bank-Specific Requirements: Additional terms required by specific banks or financial institutions
5. Joint Account Provisions: Required when the property is jointly owned or when the mortgage account is a joint account
6. Foreign Property Provisions: Required when the authorization involves overseas properties or cross-border transactions
1. Schedule 1 - Property Description: Detailed legal description of the property including lot number, address, and registration details
2. Schedule 2 - Authorized Acts: Comprehensive list of specific actions the third party is authorized to take
3. Schedule 3 - Required Documents: List of documents the third party is authorized to sign or handle
4. Appendix A - Identification Documents: Copies of identification documents of all parties
5. Appendix B - Property Ownership Proof: Copy of land registry records or other property ownership documentation
6. Appendix C - Specimen Signatures: Specimen signatures of the Principal and Authorized Person
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Customer Relations
Property Services
Document Management
Credit Assessment
Wealth Management
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Mortgage Officer
Bank Manager
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Relationship Manager
Compliance Officer
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Banking Executive
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Conveyancing Lawyer
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