The Revised New York State Power of Attorney Form

Summary

This article discusses the new power of attorney (POA) form promulgated pursuant to New York General Obligations Law, Article 5, Title 15 (the Law) that became effective on June 13, 2021, and governs all new POAs in New York State. Failure to have the new POA properly executed or on the correct form can and will delay or adjourn a real estate transaction closing. See NY CLS Gen Oblig, Art. 5, Title 15.