The Authorization Letter For Car Loan is a critical document used in Hong Kong when an individual needs to delegate authority to another person to handle their car loan application and related processes. This document becomes necessary when the primary loan applicant cannot personally attend to all aspects of the car loan process, such as during overseas travel, illness, or business commitments. The letter must comply with Hong Kong's legal requirements, including the Money Lenders Ordinance, Banking Ordinance, and Personal Data (Privacy) Ordinance. It typically includes detailed information about all parties involved, specific powers being granted, vehicle details, loan parameters, and the duration of the authorization. The document serves as legal protection for both the authorizer and the financial institution, ensuring clear documentation of the delegated authority.

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

2. Recipient Details: Full name and address of the lending institution or financial organization

3. Subject Line: Clear indication that this is an authorization letter for a car loan

4. Authorizer Information: Complete details of the person granting the authorization, including full name, HKID number, contact information, and address

5. Attorney/Agent Information: Complete details of the person being authorized to act on behalf of the authorizer

6. Purpose and Scope: Specific details about the authorization being granted, including the car loan application and related activities

7. Vehicle Information: Details of the vehicle for which the loan is being sought

8. Duration of Authority: Time period for which the authorization is valid

9. Declaration: Statement confirming that the authorizer is acting of their own free will and understands the implications

10. Signature Block: Space for signatures of the authorizer, authorized person, and witnesses