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An Authorization Letter For Collecting Money is an essential legal instrument in the Philippine legal system, commonly used when an individual or organization needs to delegate the authority to collect funds to another person. This document is particularly relevant in situations where the principal cannot personally collect money due to various circumstances such as being overseas, physical inability, or business efficiency. The letter must comply with Philippine legal requirements, including proper notarization and specific content mandated by the Civil Code of the Philippines. It typically specifies the exact amount to be collected, the source of the funds, the duration of the authority, and any specific conditions or limitations. Common use cases include collecting pension payments, insurance claims, rental income, business payments, or other monetary entitlements. The document serves as a protective measure for all parties involved, including the paying party, by providing clear documentation of the authorized collection arrangement.

1. Date and Place: Current date and location where the letter is being executed

2. Principal's Information: Complete name, address, and contact details of the person giving the authorization

3. Agent's Information: Complete name, address, and contact details of the person being authorized to collect money

4. Purpose Statement: Clear statement of authorization and its specific purpose

5. Transaction Details: Specific details about the money to be collected, including amount, source, and any reference numbers

6. Scope of Authority: Explicit description of what the agent is authorized to do, including collecting money, signing receipts, etc.

7. Duration of Authority: Validity period of the authorization

8. Signature Block: Space for principal's signature, printed name, and date

9. Notary Section: Space for notarization details and notary public's signature