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Loan Letter Signature Legal Question
Something someone may know answer to.
From literature received on letter for loans, applications or authorised, say if the signature and name of the person on the letter wasn't actually employed anymore by that institution.
Can imagine a number of businesses have automated processes where letters are distributed with the signature of someone who actually does not see them, but I suppose to the receiver it has to come from someone.
In the case of certain organisations however, does it seem that the signature is more important to have.
In the case of loans while the process is automated, legally, granting money from someone who supposedly works there but doesn't seems wrong. Its not mis-selling but I don't know it seems falseand wrong using someone's name who isn't there anymore.
Any thoughts?
From literature received on letter for loans, applications or authorised, say if the signature and name of the person on the letter wasn't actually employed anymore by that institution.
Can imagine a number of businesses have automated processes where letters are distributed with the signature of someone who actually does not see them, but I suppose to the receiver it has to come from someone.
In the case of certain organisations however, does it seem that the signature is more important to have.
In the case of loans while the process is automated, legally, granting money from someone who supposedly works there but doesn't seems wrong. Its not mis-selling but I don't know it seems falseand wrong using someone's name who isn't there anymore.
Any thoughts?
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Comments
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It's not a problem.
The money is lent by the business, not an individual employee.
No need to worry about it.0 -
Just asking here
do you have a loan with anybody?
How would you know if someone was an employee or not - who cares anyway?
If this is leading to a technical legal claim resulting in a loan being written off - forget it you stand no chance.0 -
No loans.
Just a question really around legality and the production of an automated signature on a letter of someone who actually left the company at least two years earlier.
Okay, of course the money is lent by the business. But how important is it that the signature is true in the sense that it belongs to someone employed there or not.
Can institutions just make up on a name on an automated signature. The signature must be there for a legal reason perhaps, or is it just for the personal touch for the receiver.
Maybe something maybe nothing.0 -
It's purely to give a human face to the company. Many don't bother, which is also ok.0
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Some companies deliberately use made up names to protect their own employees being tracked down on FB etc and harassed by customers that have an axe to grind.0
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Still seems strange to me as it is a signed document. Thought that something with someone's signature carried some form of legal weight. Why do we sign things. Different purposes sometimes I assume. If the something on there was not factually true and known from the creator seems wrong to me, to protect employees or not.
Nothing to gain here, just my curiosity about the actual worth of a signature as thought it was legally binding in some way.
If something goes wrong in any institution and there is a query from a letter from somebody who does not exist, whose to say what the company could hide behind.0 -
Thought that something with someone's signature carried some form of legal weight.
Not really. A signature isn't required for most legal agreements/contracts. (But, for example, land/property contracts require a signature - because Property Law has special requirements.)
You can enter into contracts (e.g. like loan/credit agreements) by phone or online without either party signing anything.Why do we sign things.
It provides stronger evidence that you've seen a document/ contract, if you've signed it. So it might be helpful if a dispute arises.
But a party can still argue that a signature isn't really theirs.If the something on there was not factually true and known from the creator seems wrong to me...
<snip>
Is this just a hypothetical/philosophical question, or do you have a specific concern about something?0 -
Whatever the question is, the answer is not, and will never be, "it means you don't have to repay the money"0
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On the contrary ReadingTim.
I have no loans and I'm debt free. I have nothing to gain.
This is all about some knowledge where I was aware, well you read it above without me repeating.
I believe ALL material should be accurate where possible.0 -
This discussion has been closed.
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