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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
Colorado Office Share - Registered Agent
Services
Stokes & Wolf, P.C. provides office share and
registered agent services through our
Colorado office for your collection agency to
enable you to comply with collection agency
licensing 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 collection agency
licensing requirements. As discussed below,
we would likely be providing an upgrade over
your current Colorado office share and
registered agent services agreement.
In 2010, House Bill 10-1222 continued the
collection agency licensing 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
agency office address and phone number in
your written communications to Colorado
debtors and also requires that your in-state
collection agency 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 licensing requirements.
As a result of these changes, more consumer
debtors are calling the in-state collection
agency office and coming in with payments
or to discuss the account. This creates risk
for the in-state collection agency 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 agency
office personnel be fully knowledgeable
about and able to comply with these Acts
since both your collection agency and the in-
state collection agency 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
Office Share - Registered Agent Services)
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 office share 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 Agencies
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
Office Share - Registered Agent Services)
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
share 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
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 the office to do so.
Your Local Colorado Office (Colorado
Office Share - Registered Agent Services)
Our office also complies with the collection
agency requirements Rule 1.09(a) requiring
that we post signs or directories displaying all
office share collection agencies for whom our
office provides a local Colorado 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 Office Share - Registered Agent
Services)
We would like to provide you with your
Colorado office (office share arrangement)
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
regarding our office share opportunities. 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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