The Authorization Letter For Receiving Money is a crucial document in German financial and legal practice, typically used when an individual or entity needs to delegate the authority to receive funds to another party. This document becomes necessary in various situations, such as when the principal is unavailable, residing abroad, or requires assistance in handling financial matters. Under German law, particularly the BGB (German Civil Code), such authorization must be explicit and contain specific elements to be legally valid. The document must clearly identify all parties, specify the scope of authority, and include necessary verification elements as required by German banking regulations and anti-money laundering laws. It's particularly important that the document complies with both federal German requirements and any specific state (Bundesland) regulations where it will be used.
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1. Date and Place: Current date and location where the letter is being written
2. Authorizer Details: Full name, address, and identification details of the person giving the authorization
3. Authorized Person Details: Full name, address, and identification details of the person being authorized to receive money
4. Authorization Statement: Clear statement of the authority being granted to receive money
5. Transaction Details: Specific details about the money to be received, including amount and source
6. Duration of Authority: Validity period of the authorization
7. Signature Block: Space for authorizer's signature, date, and witness signatures if required
1. Special Conditions: Any specific conditions or limitations on the authorization, used when there are restrictions on how or when the money can be received
2. Purpose Statement: Explanation of why the authorization is being granted, used when required by banks or other institutions
3. Revocation Clause: Terms for canceling the authorization, used when the authority might need to be terminated before the specified end date
4. Bank Account Details: Specific bank account information, used when the money needs to be deposited into a particular account
1. Identity Documents: Copies of identification documents for both the authorizer and authorized person
2. Proof of Address: Recent utility bills or other documents proving the address of both parties
3. Witness Declarations: If required, signed statements from witnesses confirming the authenticity of the authorization
4. Bank Forms: Any specific forms required by the bank or financial institution for processing the authorization
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