Subject of this page
Power of attorney for loans of building cooperative members.
Wording explained in the source text: collection and receipt, settlement, release (ibra), mortgage transactions, credit and borrowing, application and signature.
SHORT ANSWER
Power of attorney for loans of building cooperative members: full sample text, explanations of the authorities mentioned in the text and a checklist for preparation before the transaction. The authority to be granted depends on the transaction to be carried out and on the situation of the person represented.
Power of attorney for loans of building cooperative members.
Wording explained in the source text: collection and receipt, settlement, release (ibra), mortgage transactions, credit and borrowing, application and signature.
The person to be authorised, the transaction, the amount, the term and any limits should be specified. Granting every authority in the text may not be necessary for every transaction.
The notarial or consular form and the document requirements of the institution concerned must also be confirmed.
P08-206 · ENGLISH TRANSLATION OF THE FULL SOURCE TEXT
Attorney details
When a power of attorney is drawn up, the attorney details above are used; the authorities to be granted are determined for the specific transaction.
This is an English translation of the Turkish sample text, provided for information only. A power of attorney to be used in Türkiye is executed in Turkish: the Turkish original (PDF or Word) is the text to take to the notary or consulate, and the translation does not replace it.
Sample authority text (English translation)
In relation to all loans taken or to be taken by the Cooperative with the title located within the borders of, of which I am a member and shareholder, or
to be taken, to make the necessary applications in my name, to sign the loan
agreements, to determine and fix the terms of the agreement, to present the papers and documents that will be requested from me, to give them to the relevant institutions, to deliver, to incur debts, to draw up and sign promissory notes, to pay debts, to sign undertakings, to give consents for mortgages to be established, to receive loan proceeds and money, to sign delivery and receipt documents, to collect and receive (ahzu kabz), to enter into settlement and grant release, where necessary to terminate the agreement, to request termination, to sign the papers and documents to be drawn up in this regard, to correct errors, to issue records and copies, to file petitions, to represent me to the utmost extent, and furthermore to attend, on my behalf, all meetings to be held at the cooperative whose title is written, to vote, to sign the meeting minutes, to elect, to be elected, to sign the decisions taken or to be taken, to object to decisions, to represent me in these matters to the utmost extent with full authority,
The source text has been translated in full. Before using the sample, check the identity, transaction, authority and form requirements.
WORDING IN THE TEXT
This section explains the wording found in the source; it does not add any new authority to the source text.
Covers wording on receiving a payment or a receivable. The amount to be received, from whom and by which method should be made clear.
Wording on the authority to resolve a dispute by agreement. Whether the matter is open to settlement and the consequences of the agreement should be assessed separately.
May cover statements ending a debt or liability. The person to be released, the subject matter and the amount should be specified.
What matters is which of the wordings on creating, transferring or releasing security appears in the source. Authority to release security must not be read as authority to create security.
Covers wording on taking out a loan or incurring debt. The amount, maturity, debtor and security terms should be specified.
Refers to the authority to apply to the relevant institution or sign documents for the specified transaction. The scope of documents and transactions should not be treated as unlimited.
PREPARATION BY TRANSACTION
Prepare the bank or institution, account, loan, receivable or security details.
Identify the debtor, the amount of the transaction and the term; distinguish between your own debt and another person's debt.
Prepare your valid identity document and the attorney-in-fact's details; confirm with the notary office or consulate whether additional documents and photographs are required.
If a foreign notary will be involved, clarify the sample text and the certification/translation route for the country concerned with the firm before the transaction.
Assess the details and authorities in the sample against your specific transaction. The form of the notarial or consular act and the current legislation must also be checked separately.
Use the Print option, or download the Turkish original as a PDF or Word (RTF) file. Only the Turkish original is offered for download, because a power of attorney to be used in Türkiye is executed in Turkish. The RTF file can be edited in Word and compatible word processors.
First clarify the transaction and the scope of authority with our firm. Depending on whether you go through a consulate or a foreign notary, determine the preparation of documents, certification and translation.
Official consulate appointment page (opens in a new tab)Import date: 27 September 2026. This date is not a legal update date.
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