Risks and threats in signing empty SSA-89 form

Question

A financial institution is asking to sign form SSA-89 which is used for verification of the social security number assigned a person. This verification is requested by a third party. The third party's information goes in the field company's name, company's address and company's agent (name and address) field which are empty when asked to sign.

What kind of risks/threats are involved when a person signs form SSA-89 with empty company's name, company's address and company's agent (name and address) field?

Is there any workaround to this?

Link to the form - https://www.ssa.gov/forms/ssa-89.pdf

Answer 1

The financial institution has to explain why they need the form filled out and who will have access to the form.

By leaving those blocks blank you will give them the ability to make multiple copies and then send it to multiple companies. It will be even worse if you don't date the from that way it is good forever.

If they can't explain why and who then they might not be a trustworthy financial institution.