This lets an agent appointed by an individual or a company to raise monies and mortgage property on their behalf.
It is needed if you want to raise money and mortgage property for the same by appointing an agent through proper legal channels to prevent any
future legal disputes.
This Power of Attorney can be enforced legally by printing it on a non judicial stamp paper duly signed by the Grantor , the Agent and the witnesses.
You or your organisation may use it if you want to authorize someone to raise loan against some property on your behalf.