Alright, let’s sit down and have a chat about the Servicing and Liquidation Actions Matrix. You’ve heard of it, right? It’s this really useful tool that the SBA recently launched on their website. Think of it like a cheat sheet for Certified Development Companies (CDCs), enabling them to figure out whether they can move forward with specific servicing and liquidation actions independently, especially in relation to SBA 504 loans.

What’s new with the Matrix?

Well, for starters, they’ve made a few upgrades – it now mirrors the guidelines in the SOP 50 55, 504 Loan Servicing and Liquidation, which kicked off on October 1, 2013. And trust me, it’s looking much sharper now. You see, the remodelled matrix is user-friendly and follows the sequence of SOP 50 55. What’s more, it holds a bigger list of actions compared to its predecessor.

Here’s something worth noting – the degree of unilateral authority largely depends on the CDC type, not the Loan Type. This is in line with Regulations of the 504 Program that grant absolute authority to PCLP CDCs, regardless of the loan delivery method. Furthermore, ALP CDCs and Non-PCLP CDCs essentially operate under the same unilateral authority.

What should CDCs remember?

Despite how handy the matrix may be, it doesn’t replace the official SBA Loan Program Requirements. So, every CDC must adhere to these regulations when implementing any action, including independent ones. Whenever a CDC opts for a unilateral action, they have to keep SBA in the loop.

And here’s the catch: the CDCs must have a rock-solid business reasoning and justification for their decisions. They also need to stash these justifications, along with the supporting documents, into the loan file. I can’t stress enough how important it is for the CDC to specify in the loan file that the action was initiated under unilateral authority.

Now, if you’re interested in obtaining more relevant info on CDC Servicing and Liquidation Actions, especially those concerning SBA loan defaults, you should definitely bookmark the SBA Matrix.

Don’t wrestle with SBA debt solo

Hey, I get it. Wrestling with SBA debt can be challenging. But you don’t have to go through it alone. This is where I, Lawscape of the Lawscape, come into play. I’ve got your back! Handling SBA OIC and DOT collection claims is right up my alley.

Assisting you in resolving your SBA loan default issues is not just a job for me, it’s a mission. I’ve handled boatloads of SBA OIC and DOT collection cases and I’m confident I can help you put your SBA debt issues to bed, once and for all.

Remember, you’re not alone in your legal battle. Let me and my dedicated team take over and wave your worries goodbye.

Why should you bank on Lawscape?

Well, we’ve got a proven track record. We’ve resolved millions of dollars in SBA and Treasury debts through Offer in Compromise and Negotiated Repayment Agreements, all without dragging our clients into bankruptcy or putting their homes on the line.

When squaring up against the SBA, The SBA Office of Hearings and Appeals, the Treasury Department, and the Bureau of Fiscal Service, we’re the experts in your corner. Lean on us, and let us help resolve your SBA debt – for good.