[Federal Register Volume 65, Number 6 (Monday, January 10, 2000)]
[Notices]
[Page 1424]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-508]
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
Special Limited Revocable Power of Attorney
Know that the U.S. Small Business Administration, an Agency of the
United States, with its principal offices at 409 Third Street, SW,
Washington, DC (hereinafter SBA) does hereby make, constitute and
appoint Computer Data Systems, Inc., a corporation with its principal
offices at One Curie Court, Rockville, MD (hereinafter CDSI) by and
through its subsidiary CDSI Mortgage Services, Inc., with its principal
offices at 3100 Smoketree Court, Suite 3000, Raleigh, NC, (hereinafter
CDSI/MSI) for SBA's benefit and in SBA's name, place and stead, SBA's
true and lawful attorney-in-fact for the sole and limited purposes
expressly set forth herein.
Pursuant to the Small Business Act 15 U.S.C. 636(b) SBA is
conducting a Private Sector Loan Servicing Demonstration Program
(hereinafter the ``Program'') in which SBA has contracted with CDSI
under Contract No. SBAHQ-98-C-0007 (hereinafter the ``Contract'') to
service, liquidate and provide litigation support to thirty percent
(30%) of the loans in SBA's Disaster Home Loan portfolio (hereinafter
the ``Loans'').
Pursuant to this power of attorney and to allow CDSI to service,
liquidate and provide litigation support for the Loans assigned to CDSI
under the Contract, in accordance with the Small Business Act, 15
U.S.C. 634(b)(4), SBA hereby grants to CDSI the following authority: to
satisfy, release, subordinate or continue any beneficial or mortgagee's
interest or assignment thereof, and any other rights and interests
under all mortgages, deeds of trust, security agreements, UCC filings,
pledges and other instruments evidencing, making or granting security
for the Loans.
It is SBA's intention that this Special Limited Revocable Power of
Attorney evidence to all third parties SBA's desire that CDSI take on
behalf of SBA, all actions expressly set forth and described herein.
SBA and CDSI acknowledge and agree that CDSI shall exercise such power
through one or more of the following named officers of CDSI:
------------------------------------------------------------------------
Officer Title
------------------------------------------------------------------------
Dennis R. Salvatore....................... Senior Vice President.
Linda B. Willett.......................... Vice President.
Altoris A. Bonner......................... Vice President.
Karen L. Carter........................... Vice President.
------------------------------------------------------------------------
SBA and CDSI hereby acknowledge that this Special Limited Revocable
Power of Attorney shall automatically terminate upon the expiration or
termination of the Contract.
In witness whereof, the undersigned, Administrator, U.S. Small
Business Administration, has caused this instrument to be executed,
pursuant to 15 U.S.C. 634(b)(4).
Small Business Administration,
Aida Alvarez,
Administrator, Small Business Administration.
[FR Doc. 00-508 Filed 1-7-00; 8:45 am]
BILLING CODE 8025-01-P
