FOUND THIS AT WWW.STATE.CT.US/DOB/ORDERS/JBC2.HTM
State of Connecticut
Department of Banking
March 18, 2004
VIA FIRST CLASS AND REGISTERED MAIL
Mr. Jack Boyajian, President
JBC & Associates, PC
2 Broad Street, 6th Floor
Bloomfield, NJ 07003
Re: Denial of Consumer Collection Agency License
Dear Mr. Boyajian:
Pursuant to Section 36a-801 of the Connecticut General Statutes, the application for a consumer collection agency license filed with the Consumer Credit Division ("Division") of this department on November 5, 2002 ("Application"), by JBC & Associates, PC ("Applicant") is hereby denied for the reasons set forth below. The Division has conducted an inquiry concerning the Application and the Applicant, in accordance with the requirements of Section 36a-801(b)(1) of the Connecticut General Statutes. Section 36a-801(b)(1) provides, in pertinent part, that:
Any person desiring to act within this state as a consumer collection agency shall make a written application to the commissioner for such license in such form as the commissioner prescribes. . . . The commissioner shall cause to be made such inquiry and examination as to the qualifications of each such applicant as the commissioner deems necessary. Each applicant shall furnish satisfactory evidence to the commissioner that the applicant is a person of good moral character and is financially responsible. If the commissioner is satisfied that such applicant is in all respects properly qualified and trustworthy and that the granting of such license is not against the public interest, the commissioner may issue to such applicant a license, in such form as the commissioner may adopt, to act within this state as a consumer collection agency.
The Division's inquiry and examination of the Applicant has revealed that the Office of the Attorney General of the State of New Jersey received 126 complaints in 2003 against the Applicant from consumers. The consumers' allegations concern the Applicant's debt collection practices, failure to provide documents, billing disputes and harassment. In addition, 14 lawsuits have been filed against the Applicant, 13 in federal district courts in several states, including Connecticut, and one in state court, alleging violations of the Fair Debt Collection Practices Act and various state laws, including one lawsuit that has been certified as a class action case. Finally, it appears that the Applicant has been acting as a consumer collection agency in Connecticut without a license in violation of Section 36a-801(a) of the Connecticut General Statutes. Indeed, between December 2002 and February 2004, 9 Connecticut residents filed with the Division complaints against the Applicant alleging harassment in connection with the collection of debts and, in some cases, disputing the debts.
Based on the facts stated above, I am not satisfied that the Applicant is in all respects properly qualified and trustworthy and that the granting of such consumer collection agency license is not against the public interest.
Very truly yours,
John P. Burke
Registered Mail No. RB052355565US
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