[WSBARP] Off Topic - Collection Demand

[Jeff at bellanddavispllc.com]

Listmates:

 

This is an off topic question.  Client loans large sum of money to a "rea
estate developer."  Even gets a promissory note.  Of course money not
repaid, always excuses.  Turns out the borrower is a scammer.  He obtains
private loans on promises to large returns flipping real estate.  He is so
bad, the Washington State Department of Financial Institutions entered
detailed findings and a cease and desist order against the person.  The
client's facts fit well within the findings of the cease and desist order.  

 

In the past, I always thought you could not threaten criminal prosecution
for non-payment, when demanding repayment.  I think it was a class C felony
to do so.  However, would it be wrong to threaten contacting the Department
of Financial Institutions or even the IRS?  It is certainly not threatening
criminal prosecution.

 

I understand that people like this could care less about government
authority as they have gotten away with their scams for so long, however, I
don't want to run afoul of the fair debt collection practices.

 

Jeff

 

W. Jeff Davis

BELL & DAVIS PLLC
P.O. Box 510

720 E. Washington Street, Suite 105
Sequim WA 98382
Phone: (360) 683.1129 
Fax: (360) 683.1258 
email:  <mailto:jeff at bellanddavispllc.com> jeff at bellanddavispllc.com
 <http://www.bellanddavispllc.com/> www.bellanddavispllc.com
 
The information contained in this e-mail message may be privileged,
confidential, and protected from disclosure. If you are not the intended
recipient, any dissemination, distribution, or copying is strictly
prohibited. If you think that you have received this e-mail message in
error, please e-mail the sender at  <mailto:info at bellanddavispllc.com>
info at bellanddavispllc.com  or call 360.683.1129.

 

 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20220723/d98e58c8/attachment.html>