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.
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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
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
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)
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