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The Authorization Letter For Housing Loan is a crucial document in Indonesian property transactions that enables individuals to delegate the authority to handle housing loan processes when they are unable to manage these matters personally. This document becomes necessary in situations where the principal cannot be physically present for loan applications, documentation, or meetings with financial institutions. It must comply with Indonesian banking regulations, particularly Law No. 10 of 1998 on Banking and relevant OJK regulations. The letter typically includes comprehensive details about both parties, specific authorities granted, property information, and duration of the authorization. It requires proper notarization and witnessing to be legally valid in Indonesia.

1. Letter Header: Date, reference number, and formal letterhead details

2. Principal's Details: Complete identification details of the person granting the authorization, including full name, ID number (KTP), address, and occupation

3. Attorney's Details: Complete identification details of the person being granted the authorization, including full name, ID number (KTP), address, and occupation

4. Purpose Declaration: Clear statement of the purpose of the authorization specifically related to housing loan application and processing

5. Scope of Authority: Detailed list of specific powers being granted regarding the housing loan application, documentation, and related processes

6. Property Details: Specific information about the property for which the housing loan is being sought

7. Duration of Authority: Specific period for which the authorization is valid

8. Signature Block: Space for signatures of the principal, attorney, and witnesses