The Safe Harbor Debt Collection Law Update by Aylix Jensen
June 2022
This monthly newsletter provides an update of changes and developments in the law that impact the debt collection industry. It highlights new debt collection laws and practices, discusses what these may mean for the collection industry, and provides tips to ensure compliance. 
Aylix K. Jensen
Aylix K. Jensen is a member of Moss & Barnett's financial services team. She practices in the areas of compliance and litigation related to the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, and the Telephone Consumer Protection Act, as well as other related state and federal law and regulations.

Aylix K. Jensen
Collecting Fees
On May 12, 2022, the Maryland Commissioner of Financial Regulation (the “Commissioner”) issued Industry Advisory Regulatory Guidance (the “Advisory”). The stated purpose for issuing the Advisory was two-fold: (1) to put the accounts receivable management industry on notice of the recent decision issued by the Court of Appeals for the Fourth Circuit in Ashly Alexander, et. al. v. Carrington Mortgage Services, LLC, Case No. 20-2359 (4th Circuit, January 19, 2022) and (2) to direct lenders and servicers to review their practices in charging consumer borrowers loan payment fees to ensure ongoing compliance and determine whether any improper fees have previously been assessed. MORE >
Permanent WFH in MN
After significant efforts over the past two years, on May 22, 2022, Governor Tim Walz signed Minnesota SF 2922 into law. The work from home aspects of the bill, which went into effect on June 1, 2022, permit collection agencies licensed in Minnesota to continue allowing their staff to work from home or in a hybrid model. Before the bill was signed into law, it was passed by the Minnesota House of Representatives on a nearly unanimous vote and by the Senate on a unanimous vote. MORE >
CA Licensure
On May 23, 2022, the California Department of Financial Protection and Innovation (“DFPI”) issued an electronic announcement notifying applicants and prospective applicants for a license under California’s Debt Collection Licensing Act (the “Act”) that FBI-mandated changes have caused unavoidable processing delays. MORE >
Disclaimer: This newsletter does not create an attorney-client relationship between Moss & Barnett, A Professional Association, or attorney Aylix K. Jensen and any reader. Please remember that we can only provide general information and every case is unique. Always check with your individual attorney for any specific legal concerns.
The Safe Harbor Debt Collection Law Update by Aylix Jensen
Minneapolis, MN
Phone: (612) 877-5000
150 South Fifth Street
Suite 1200
Minneapolis, MN 55402
St. Cloud, MN
Phone: (320) 654-4100
3800 Eighth Street North
Suite 102
St. Cloud, MN 56303