# LIMITED POWER OF ATTORNEY ## Debt Recovery Experts, LLC **THIS LIMITED POWER OF ATTORNEY ("LPOA")** is made and entered into by and between the undersigned principal (the "Client") and **Debt Recovery Experts, LLC**, a limited liability company (the "Company"). ### 1. Appointment of Agent The Client hereby appoints the Company, and its authorized officers, employees, and designated representatives, as the Client's true and lawful attorney-in-fact, **limited strictly to the matters set forth below**, with full power and authority to act in the Client's name, place, and stead. ### 2. Scope of Authority (LIMITED) The authority granted under this LPOA is limited exclusively to the recovery of the specific debt identified below (the "Claim"): | Field | Value | |---|---| | Client Legal Name | {{client_legal_name}} | | Client Entity Type | {{client_entity_type}} | | Debtor Legal Name | {{debtor_legal_name}} | | Claim Amount | {{claim_amount}} | | Invoice / Contract Date | {{invoice_date}} | | DRE Claim Number | {{dre_claim_number}} | Specifically, the Company is authorized to: 1. **Demand payment** of the Claim from the Debtor, in writing and verbally. 2. **Negotiate and settle** the Claim, subject to the settlement authority limits set forth in the Terms of Service. 3. **Receive payments** on the Claim, including via the Company's designated payment processor, and deposit such payments into the Company's trust/escrow account for disbursement to the Client in accordance with the signed Fee Schedule. 4. **Execute and deliver** documents incidental to collection of the Claim, including demand letters, settlement agreements, payment acknowledgments, and releases limited to the Claim. 5. **Engage third-party service providers** (remote online notary, certified mail vendor, and partner law firm) as reasonably necessary to collect the Claim, in accordance with the signed Third-Party Sharing Consent. 6. **Refer the Claim to legal counsel** for further action if the Claim reaches Tier 4, in accordance with the Terms of Service. ### 3. Express Limitations (the Company MAY NOT) Notwithstanding anything to the contrary, the Company is **NOT** authorized to: 1. Borrow money, mortgage property, or create any lien or security interest in the Client's name (other than filing a mechanic's or materialman's lien in the ordinary course of collecting the Claim, and only through licensed counsel). 2. Sell, transfer, or convey any real or personal property of the Client. 3. Make gifts of the Client's property. 4. Settle the Claim for less than the minimum settlement authority stated in the Terms of Service without the Client's separate written approval. 5. Commence litigation in the Client's name; litigation is referred to licensed counsel under a separate engagement. ### 4. Duration and Revocation This LPOA becomes effective upon execution and **notarization**, and remains in effect until: (a) the Claim is fully resolved (recovered in full, settled, or determined uncollectible and closed); or (b) the Client revokes this LPOA in writing delivered to the Company. Revocation does not affect acts lawfully taken before receipt of the revocation. ### 5. Governing Law This LPOA is governed by the laws of the State of Texas, including Chapter 751 of the Texas Estates Code (Statutory Durable Power of Attorney requirements). ### 6. Acknowledgment The Client acknowledges that the Company is a third-party debt collector acting on the Client's behalf with respect to the Claim, and that the Client remains ultimately responsible for the accuracy of the information provided concerning the Claim. --- **IN WITNESS WHEREOF**, the Client has executed this Limited Power of Attorney as of the date set forth below. | | | |---|---| | **Client Signature** | **Date** | | ________________________ | ________________________ | | **Print Name** | **Title** | | ________________________ | ________________________ | --- ## NOTARY ACKNOWLEDGMENT State of ________________ County of ________________ This instrument was acknowledged before me on ____________ (date) by ________________________ (name of person), in the capacity of ________________________ for ________________________ (entity name), as the act of such entity. | | |---| | **Notary Public Signature** | | ________________________ | | **Notary Public Printed Name** | | ________________________ | | **My commission expires:** ____________ | | *(Notary seal)* | --- *This LPOA requires notarization pursuant to Texas Estates Code ยง 751.0021. This is the ONLY document in your welcome packet that requires a notary; it is completed online via our remote online notary partner.*