A. Except as otherwise provided in subsection B:
1. A person shall either accept an acknowledged power of attorney or request a certification, a translation, or an opinion of counsel under subsection C of § 64.2-1617 no later than seven business days after presentation of the power of attorney for acceptance;
2. If a person requests a certification, a translation, or an opinion of counsel under subsection C of § 64.2-1617, the person shall accept the power of attorney no later than five business days after receipt of the certification, translation, or opinion of counsel; and
3. A person may not require an additional or different form of power of attorney for authority granted in the power of attorney presented.
B. A person is not required to accept an acknowledged power of attorney for a transaction if:
1. The person is not otherwise required to engage in the transaction with the principal in the same circumstances, or the principal has otherwise relieved the person from an obligation to engage in the transaction with an agent representing the principal under a power of attorney;
2. Engaging in the transaction with the agent or the principal in the same circumstances would be inconsistent with federal law;
3. The person has actual knowledge of the termination of the agent's authority or of the power of attorney before exercise of the power;
4. A request for a certification, a translation, or an opinion of counsel under subsection C of § 64.2-1617 is refused;
5. The person in good faith believes that the power is not valid or that the agent does not have the authority to perform the act requested, whether or not a certification, a translation, or an opinion of counsel under subsection C of § 64.2-1617 has been requested or provided; or
6. The person makes, or has actual knowledge that another person has made, a report to the local adult protective services department or adult protective services hotline stating a good faith belief that the principal may be subject to physical or financial abuse, neglect, exploitation, or abandonment by the agent or a person acting for or with the agent.
C. A person that refuses in violation of this section to accept an acknowledged power of attorney is subject to:
1. A court order mandating acceptance of the power of attorney; and
2. Liability for reasonable attorney fees and costs incurred in any action or proceeding that confirms the validity of the power of attorney or mandates acceptance of the power of attorney.
D. For purposes of this section, "business day" shall refer to any day other than Saturday, Sunday, or any day designated as a holiday by the Commonwealth or the federal government.
2010, cc. 455, 632, § 26-91; 2012, c. 614.
Structure Code of Virginia
Title 64.2 - Wills, Trusts, and Fiduciaries
Chapter 16 - Uniform Power of Attorney Act
§ 64.2-1602. Power of attorney is durable
§ 64.2-1603. Execution of power of attorney
§ 64.2-1604. Validity of power of attorney
§ 64.2-1605. Meaning and effect of power of attorney
§ 64.2-1606. Nomination of conservator or guardian; relation of agent to court-appointed fiduciary
§ 64.2-1607. When power of attorney effective
§ 64.2-1608. Termination of power of attorney or agent's authority
§ 64.2-1609. Coagents and successor agents
§ 64.2-1610. Reimbursement and compensation of agent
§ 64.2-1611. Agent's acceptance
§ 64.2-1613. Exoneration of agent
§ 64.2-1615. Agent's liability
§ 64.2-1616. Agent's resignation; notice
§ 64.2-1617. Acceptance of and reliance upon acknowledged power of attorney
§ 64.2-1618. Liability for refusal to accept acknowledged power of attorney
§ 64.2-1619. Principles of law and equity
§ 64.2-1620. Laws applicable to financial institutions and entities
§ 64.2-1621. Remedies under other law
§ 64.2-1622. Authority that requires specific grant; grant of general authority
§ 64.2-1623. Incorporation of authority
§ 64.2-1624. Construction of authority generally
§ 64.2-1626. Tangible personal property
§ 64.2-1628. Commodities and options
§ 64.2-1629. Banks and other financial institutions
§ 64.2-1630. Operation of entity or business
§ 64.2-1631. Insurance and annuities
§ 64.2-1632. Estates, trusts, and other beneficial interests
§ 64.2-1633. Claims and litigation
§ 64.2-1634. Personal and family maintenance
§ 64.2-1635. Benefits from governmental programs or civil or military service
§ 64.2-1639. Agent's certification
§ 64.2-1640. Uniformity of application and construction
§ 64.2-1641. Relation to Electronic Signatures in Global and National Commerce Act