Document background
An Authorization Letter Money Claim is essential in situations where an individual or organization needs to delegate the authority to collect or manage monetary claims to another party. This document, governed by Singapore law, is commonly used in financial transactions, insurance claims, debt collection, and various business scenarios. It includes crucial details such as the identities of both parties, specific claim amounts, duration of authority, and any limitations or conditions. The document must comply with Singapore's legal framework, including the Civil Law Act, Power of Attorney Act, and relevant financial regulations, ensuring proper authorization while protecting the interests of all parties involved.
