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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
Office Share (Virtual Office)
Overview
Stokes & Wolf, P.C. would like to serve as
your Colorado office to enable you to comply
with the in-state office requirement of the
Colorado Fair Debt Collection Practices Act.
Our office currently serves as the Colorado
office for over 50 out of state collection
agencies. As discussed below, we would likely
be providing an upgrade over your current
Colorado office sharing arrangement.
In 2017, Colorado Senate Bill 216 continued
the requirement of the Colorado Fair Debt
Collection Practices Act that your agency
maintain a Colorado office. The bill also
requires that you continue to include your
in-state office address and phone number in
your written communications to Colorado
debtors and also requires that your in-state
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 requirements.
As a result of these changes, more consumer
debtors are calling the in-state office and
coming in with payments or to discuss the
account. This creates risk for the in-state
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 office personnel be
fully knowledgeable about and able to comply
with these Acts since both your collection
agency and the in-state office provider could
be sued for in-state office 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
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 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
To deal with your debtors who choose to call
the Colorado 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 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
Our office also complies with Rule 1.09(a)
requiring that we post signs or directories
displaying all 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 We would like to provide your
Colorado 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
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.
The Executive Club Building
1776 S. Jackson Street, Suite 900
Denver, Colorado 80210