There is a newer version of this Section
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2017 Iowa Code
Title XV - JUDICIAL BRANCH AND JUDICIAL PROCEDURES
Chapter 633B - POWERS OF ATTORNEY
Section 633B.120 - Refusal to accept acknowledged power of attorney — liability.

Universal Citation: IA Code § 633B.120 (2017)
Previous Next

Download as PDF
1 POWERS OF ATTORNEY, §633B.120 633B.120 Refusal to accept acknowledged power of attorney — liability. 1. Except as otherwise provided in subsection 2, all of the following shall apply to a person’s actions regarding an acknowledged power of attorney: a. A person shall either accept an acknowledged power of attorney or request a certification, a translation, or an opinion of counsel under section 633B.119, subsection 4, no later than seven business days after presentation of the power of attorney for acceptance. b. If a person requests a certification, a translation, or an opinion of counsel under section 633B.199, subsection 4, the person shall accept the power of attorney no later than five business days after receipt of the certification, translation, or opinion of counsel. c. A person shall not require an additional or different form of power of attorney for authority granted in the power of attorney presented unless an exception in subsection 2 applies. 2. A person is not required to accept an acknowledged power of attorney if any of the following occurs: a. The person is not otherwise required to engage in a transaction with the principal in the same circumstances. b. Engaging in a transaction with the agent or the principal in the same circumstances would be inconsistent with federal law. c. The person has actual knowledge of the termination of the agent’s authority or of the power of attorney before exercise of the power. d. A request for a certification, a translation, or an opinion of counsel under section 633B.119, subsection 4, is refused. e. The person in good faith believes that the power of attorney is not valid or that the agent does not have the authority to perform the act requested, or that the power of attorney does not comply with federal or state law or regulations, whether or not a certification, a translation, or an opinion of counsel under section 633B.119, subsection 4, has been requested or provided. f. The person makes, or has actual knowledge that another person has made, a report to the department of human services stating a good-faith belief that the principal may be subject to physical or financial abuse, neglect, exploitation, or abandonment by the agent or a person acting for or with the agent. 3. A person that refuses to accept an acknowledged power of attorney in violation of this section is subject to both of the following: a. A court order mandating acceptance of the power of attorney. b. Liability for damages sustained by the principal and reasonable attorney fees and costs incurred in any action or proceeding that confirms the validity of the power of attorney or mandates acceptance of the power of attorney, provided that any such action must be brought within one year of the initial request for acceptance of the power of attorney. 2014 Acts, ch 1078, §22; 2016 Acts, ch 1088, §4, 8, 9 Referred to in §633B.119 2016 amendment takes effect April 13, 2016, and applies retroactively to July 1, 2014; 2016 Acts, ch 1088, §8, 9 Subsection 3, paragraph b amended Wed Feb 08 05:11:03 2017 Iowa Code 2017, Section 633B.120 (8, 2)
Previous Next
Disclaimer: These codes may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.