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Commercial and Consumer Debt Collection
Anywhere In The State of Colorado
Important Legal Notice:
Stokes & Wolf, P.C.
is a debt collector. This is an attempt to collect
a debt. Any information obtained will be used
for that purpose. These materials have been
prepared by Stokes & Wolf, P.C. for informational
purposes only and are not legal advice. This
information is not intended to create, and receipt
of it does not constitute an attorney-client
relationship. Internet subscribers and online
readers should not act upon this information
without seeking professional counsel. Please
do not send us confidential information until you
speak with our office and get authorization to
send that information to us.
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Toll Free Phone: 888-499-9642
Office Phone: 303-753-0100
Office Fax: 303-753-0310
The Executive Club Building
1776 S. Jackson Street, Suite 900
Denver, Colorado 80210
Collection Agency - Colorado Office
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Stokes & Wolf, P.C. would like to serve as
your Colorado collection office to enable you
to comply with Colorado collection agency
license requirements in accordance with the
Colorado Fair Debt Collection Practices Act.
Our office currently serves as the Colorado
office for over 50 out of state collection
agencies thus ensuring complete compliance
with the Colorado collection agency license
requirements. As discussed below, we would
likely be providing an upgrade over your
current Colorado collection office sharing or
virtual collection office arrangement.
In 2010, House Bill 10-1222 continued the
collection agency license requirements of the
Colorado Fair Debt Collection Practices Act
that your collection agency must maintain a
Colorado collection office if you are going to
do business here. The bill also requires that
you include your in-state collection office
address and phone number in your written
communications to Colorado debtors and
also requires that your in-state collection
office accept debtor payments made at that
office. Rule 1.09(1)(c) and Rule 2.01(2) of the
Rules of the Administrator, Colorado Fair
Debt Collection Practices Act implement
these new collection agency license
requirements.
As a result of these changes, more
consumer debtors are calling the in-state
collection office and coming in with
payments or to discuss the account. This
creates risk for the in-state collection office
personnel of violating the Federal Fair Debt
Collection Practices Act and the Colorado
Fair Debt Collection Practices Act.
It is critical that in-state collection office
personnel be fully knowledgeable about and
able to comply with these Acts since both
your collection agency and the in-state
collection office provider could be sued for
in-state collection agency violations. This
collection agency liability for violations of the
Colorado Fair Debt Collection Practices Act
is stated in Rule 1.09(2).
About Our Law Firm & Staff (Colorado
Collection Office License)
Our law firm’s practice has for many years
been limited to commercial and consumer
debt collection so our staff is fully
knowledgeable about both the Federal and
Colorado Fair Debt Collection Practices
Acts. We have served as a local Colorado
collection office to out-of-state collection
agencies since 1994 without one complaint
about a violation of the Acts. We have a
personable staff for dealing with your debtors
both on the phone and in person and
who debtors find most helpful. Our
Agreement For Colorado Office Sharing For
Out Of State Collection Agency provides that
we will hold you harmless for any of our
office’s violations of either the Federal Fair
Debt Collection Practices Act or the
Colorado Fair Debt Collection Practices Act.
Dealing With Your Debtors (Colorado
Collection Office License)
To deal with your debtors who choose to call
the Colorado collection office, our phone
system routes that call to a voicemail
answering with the name of your company.
This is possible because when you use our
office, we will assign you a Colorado office
phone number unique to your collection
agency. The voicemail directs the debtor to
press 1 to speak to the next available agent,
which will then route the call directly to your
office without us having to speak to your
debtor. The second voice mail option directs
any debtors wishing to make an appointment
in your Denver, Colorado collection office to
press 2, which will ring another line in our
office which we will answer to set up an
appointment for the debtors to come in to
make a payment or to discuss the account in
person. If they want to discuss the account,
we will of course conference in your
collector, who will handle the discussion. If
they make a payment, we e-mail you
immediately to advise you of the payment so
that you can post the payment by the next
business day as required by Rule 2.12. This
sophisticated phone system results in your
debtors reaching your home office instantly
the same as if they had called your office
directly but still enables the few debtors
wishing to meet in person at this office to do
so.
Your Local Colorado Office (Colorado
Collection Office License)
Our office also complies with the collection
agency requirements Rule 1.09(a) requiring
that we post signs or directories displaying
all collection agencies for whom our office
provides a local Colorado collection office.
We provide such a directory at our office
suite and on the lobby building directory. In
talking to other office providers, we find that
they have not been complying with this
requirement. This failure could expose you to
liability.
Fees For Your Local Colorado Office
(Colorado Collection Office License)
We would like to provide you with your
Colorado collection office starting upon the
termination of any current contract you have
for an in-state office. Our fee is $1200.00 per
year payable January 1st. We will prorate
the charge for a partial year. For no
additional charge, Stokes & Wolf, P.C. will
serve as the registered agent for service for
your business in Colorado.
Please call our office with any questions.
We will provide you with a copy of our
standard contract if you call us or use our
email form specific for this purpose.
Colorado Fair Debt Collection Practices Act
And Rules Of The Administrator
Stokes & Wolf, P.C.
The Executive Club Building
1776 S. Jackson Street
Suite 900
Denver, Colorado 80210
Toll Free Phone 888-499-9642
Office Phone 303-753-0100
Office Fax 303-753-0310
All collections are covered with a $500,000.00
lawyers liability policy.
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Licensing | Collection Office Licensing | Collection Agency
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