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Authorization Letter For Collecting Money Template for Singapore

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Key Requirements PROMPT example:

Authorization Letter For Collecting Money

"I need an Authorization Letter For Collecting Money that allows my brother to collect my rental deposit of SGD 3,000 from my landlord in Singapore on March 15, 2025, as I will be overseas during that period."

Document background
The Authorization Letter for Collecting Money is a crucial document in Singapore's business and personal transactions. It provides legal protection and clarity when delegating money collection responsibilities to another party. This document must align with Singapore's legal framework, particularly the Contract Law (Chapter 53) and relevant financial regulations. The letter typically specifies the authorized amount, collection timeframe, and both parties' details. It's commonly used when the original recipient cannot personally collect funds, requiring a trusted representative to act on their behalf.
Suggested Sections

1. Date: Current date of authorization letter

2. Authorizer Details: Full name, identification details, contact information, and address of the person giving authorization

3. Authorized Person Details: Full name, identification details, contact information, and address of the person being authorized to collect money

4. Purpose and Amount: Clear statement of the authorization purpose and specific amount authorized for collection

5. Duration of Authority: Specific timeframe during which the authorization remains valid

6. Signature Block: Space for signatures of the authorizer, authorized person, and witness if required

Optional Sections

1. Special Instructions: Any specific conditions, restrictions, or instructions regarding the money collection process

2. Witness Details: Information and signature space for witness, recommended for large amounts or when additional verification is needed

3. Bank Account Details: Specific bank account information if the authorization involves bank transactions

Suggested Schedules

1. Identity Documents: Copies of identification documents of both the authorizer and authorized person

2. Proof of Relationship: Supporting documents establishing the relationship between the authorizer and authorized person

3. Supporting Documentation: Any additional documents related to the money collection (e.g., invoice, receipt, contract)

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions










Clauses












Industries

Contract Law: Chapter 53 of Singapore Laws - Fundamental legislation governing formation and enforcement of contracts, including authorization agreements

Civil Law Act: Chapter 43 of Singapore Laws - Provides basic framework for civil obligations and contractual relationships

Electronic Transactions Act: Chapter 88 of Singapore Laws - Governs the validity and use of electronic signatures and authorizations

AML/CFT Regulations: Anti-Money Laundering and Countering the Financing of Terrorism regulations - Essential for ensuring compliance in financial transactions

MAS Guidelines: Monetary Authority of Singapore guidelines governing financial transactions and authorizations in Singapore

Currency Act: Chapter 69 of Singapore Laws - Regulates transactions involving Singapore currency and legal tender

Agency Law Requirements: Legal principles governing principal-agent relationships, including scope of authority and obligations

Documentation Requirements: Specific requirements for identification, verification, and record-keeping in authorization agreements

Witness Requirements: Rules regarding the necessity and qualifications of witnesses for authorization documents

Authorization Specifics: Requirements for clearly specifying authorized amount, timeframe, and scope of authority in the document

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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