No licensee shall take any confession of judgment or permit any borrower to execute a power of attorney in favor of any licensee or in favor of any third person to confess judgment or to appear for the borrower in any judicial proceeding and any such confession of judgment or power of attorney to confess judgment shall be absolutely void.

HISTORY: 1962 Code SECTION 8-800.13; 1956 (49) 2052, 2967; 1957 (50) 339; 1966 (54) 2391.