Colorado has won a $590,000 judgment against a Florida company that failed to register its debt management services in the state.
Colorado’s Attorney General John Suthers filed a lawsuit against Enhanced Servicing Solutions, an Orlando, Fla.-based firm, and its president, Thomas Roland, in June saying the company failed to register with the state of Colorado to comply with the Colorado Debt Management Services Act.
According to the complaint, filed in Denver District Court, Enhanced Servicing Solutions ignored a Dec. 17, 2010 letter from the state informing it of Colorado’s registration requirements, and did not respond to a Jan. 25, 2011 subpoena.
The judgment includes $500,000 in fines and $90,000 in consumer restitution. It does not resolve the allegations against Roland.
According to the complaint, Enhanced Servicing Solutions provided “back end” debt management services for the Johnson Law Group, another Orlando, Fla.-based companythe Office of the Attorney General recenlty filed a consumer protection lawsuit against.
Debt management companies are required by law to register with the state. To learn more about the regulation of debt management companies, file a complaint, or view a list of registered debt management companies and their disciplinary history, visit the Office of the Attorney General online at www.coloradoattorneygeneral.gov/dm.