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Support for Form RL 20: Power of Attorney (Bank)

 

Form Required Forms

RL 20 Power of Attorney
(Bank)

(PDF, 89 Kb, 2 pages)

Document Submission Log
(PDF, 184 Kb, 2 pages)

Use this form:

When you wish to grant Power of Attorney to persons to transact Charges or Mortgages on behalf of a Company or Bank

This is a specialist form for use by Banks and Companies involved in the lending of monies against property.  A standard Power of Attorney Form, RL20 should be used in all other cases.


Submission Requirements

In submitting this form you should enclose the following (where applicable):

  • Completed submission record (see below), ensuring checklist to the rear of the form is completed

Once signed the form should be submitted to the Lands & Survey Department within 45 days of first signature, unless signed outside of the Cayman Islands , to avoid the accrual of late submission penalties.


Fees

Type Registration Stamp Duty
Standard Transaction CI $50
(US $60.98)

CI $50
(US $60.98)


Forms (Mandatory)

RL Form must be completed in Duplex format. If you do not have a Duplex Printer, print page 1, reinsert the page to the paper tray, and print page 2.

When completing the form ensure that:

  • Any limitations on either powers or the duration of the Power of Attorney grant are clearly stated
  • Full names are stated (or as recorded on the existing Register), with signatures witnessed by a Justice of the Peace, Notary Public or member of authorised Land Registry staff, and correctly dated. Notary Public’s whose commissions do not expire must state so on the Registration Form.  The signatures of authorised personnel of local banks do not require witnessing.   
  • Full address is stated, including postal / zip code
  • Amendments are initialed by all parties. The use of correction fluid is not permitted