Jackson v. Velocity Investments, LLC

CourtDistrict Court, D. Maryland
DecidedJuly 30, 2025
Docket8:25-cv-00087
StatusUnknown

This text of Jackson v. Velocity Investments, LLC (Jackson v. Velocity Investments, LLC) is published on Counsel Stack Legal Research, covering District Court, D. Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Jackson v. Velocity Investments, LLC, (D. Md. 2025).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MARYLAND

) DONTE JACKSON, ) ) Plaintiff, ) ) Civil Action No. 25-cv-00087-LKG v. ) ) Dated: July 30, 2025 VELOCITY INVESTMENTS, LLC, et ) al., ) ) Defendants. ) ) MEMORANDUM OPINION I. INTRODUCTION In this putative class action matter, the Plaintiff, Donte Jackson, challenges the debt collection practices of the Defendants, Velocity Investments, LLC (“Velocity”) and Protas, Spivok & Collins, LLC (“PSC”), pursuant to the Federal Debt Collection Practices Act (the “FDPCA”), 15 U.S.C. § 1692a, et seq., the Maryland Consumer Debt Collection Act (the “MCDCA”), Md. Code Ann., Com. L. § 14-201, et seq., and the Maryland Consumer Protection Act (the “MCPA”), Md. Code Ann., Com. L. § 13-101, et seq. See generally ECF No. 2. The Defendants have moved to dismiss the complaint for improper venue due to an arbitration agreement, or, alternatively, to compel arbitration and stay civil proceedings, pursuant to Fed. R. Civ. P. 12(b)(3) and the Federal Arbitration Act (“FAA”), 9 U.S.C. § 1, et seq. ECF Nos. 14 and 19. The Defendants’ motions are fully briefed. ECF Nos. 14, 14-1, 19, 19-1, 20, 23 and 26. No hearing is necessary to resolve the motions. L.R. 105.6 (D. Md. 2021). For the reasons that follow, the Court (1) DENIES Defendant PSC’s motion to dismiss for improper venue due to arbitration agreement, or, in the alternative, motion to compel arbitration and stay of civil proceedings (ECF No. 14) and (2) DENIES Defendant Velocity’s motion to dismiss for improper venue due to arbitration agreement, or, in the alternative, motion to compel arbitration and stay of civil proceedings (ECF No. 19). II. FACTUAL BACKGROUND AND PROCEDURAL HISTORY1 A. Factual Background In this putative class action matter, the Plaintiff challenges the debt collection practices of Defendants Velocity and PSC, pursuant to the FDPCA, the MCDCA and the MCPA. See generally ECF No. 2. Specifically, the Plaintiff alleges that Defendant Velocity, through its attorneys, Defendant PSC, has filed scores of consumer debt collection lawsuits against him and other consumers that were barred by the Maryland statute of limitations. Id. at ¶ 2. The Plaintiff also alleges that the Defendants have obtained payments from, and judgments against, consumers who they targeted through this alleged practice. Id. at ¶ 3. In the complaint, the Plaintiff asserts the following claims against the Defendants: (1) violation of the FDCPA, individually and for the putative class, against all Defendants (Count I); (2) violation of the MCDCA, individually and for the putative class, against all Defendants (Count II); (3) violation of the MCPA, individually and for the putative class, against Defendant Velocity (Count III). Id. at ¶¶ 51-82. As relief, the Plaintiff seeks, among other things, to recover monetary damages and attorneys’ fees from the Defendants. Id. at Prayer for Relief. The Parties Plaintiff Donte Jackson is a resident of Maryland. Id. at ¶ 4. Defendant Velocity is a New Jersey limited liability company, with its principal office located in Wall, New Jersey. Id. at ¶ 5. Defendant Velocity is a licensed debt collector. Id. at ¶ 7. Defendant PSC is a Maryland limited liability company, with its principal place of business located in Montgomery County, Maryland. Id. at ¶ 6. Defendant PSC is a licensed debt collector and a law firm that represents Defendant Velocity. Id. at ¶ 8. The State Court Case On November 28, 2023, Defendant Velocity brought a debt collection action against the Plaintiff in the District Court for Charles County, Maryland, seeking to recover the balance of a debt owed under a promissory note (the “State Court Case”). Id. at ¶¶ 11-12. Phillip J. Collins,

1 The facts recited in this memorandum opinion are taken from the complaint, the Defendants’ motions and the memoranda in support thereof, and the exhibits attached thereto. ECF Nos. 2, 14, 14-1, 14-3 and 19-1. who is an attorney with Defendant PSC, signed the complaint (“the State Complaint”) in his capacity as counsel for Defendant Velocity. Id. at ¶ 13. The State Complaint alleges that the Plaintiff owed a debt under a promissory note that Defendant Velocity had purchased from Prosper Funding, LLC, on October 15, 2019. Id. at ¶¶ 18-19. The State Complaint also alleges that the date of the last payment made on the promissory note was April 25, 2019. Id. at ¶ 18. The Plaintiff moved to dismiss the State Complaint upon the grounds that Defendant Velocity’s claim was time-barred under Maryland’s statute of limitations. Id. at ¶ 22. The district court denied this motion on February 22, 2024. Id. at ¶ 25. The trial set for February 28, 2024, was continued to June 3, 2024. Id. at ¶¶ 26-27. But, Defendant Velocity voluntarily dismissed the case with prejudice on May 22, 2024. Id. at ¶ 28. The District Court Case The Plaintiff alleges that Defendant Velocity “facilitated by PSC, developed and implemented a scheme in which Velocity purchased defaulted consumer loans from Prosper Funding, LLC, then waited more than three years before filing collection actions in the District and Circuit Courts of Maryland relating to those loans. Id. at ¶ 34. With regards to the Plaintiff’s FDCPA claim, the Plaintiff alleges that the Defendants violated the FDCPA by bringing their debt collection actions beyond the statute of limitations and by: (1) falsely representing the character and legal status of the alleged debt; (2) taking or threatening to take action that could not be legally taken; (3) using a false representation or deceptive means to collect a debt; and (4) using unfair or unconscionable means to collect a debt. Id. at ¶¶ 55-56. With regards to the Plaintiff’s MCDCA claim, the Plaintiff also alleges that the Defendants violated the MCDCA, by “claiming, attempting, or threatening to enforce a right with knowledge or reckless disregard that the right did not exist, particularly the right to sue and to pursue remedies available only through litigation. Id. at ¶ 62. Lastly, with regards to the Plaintiff’s MCPA claim, the Plaintiff alleges that the Defendants violated the MCPA by engaging in the aforementioned violations of the MCDCA. Id. at ¶ 80. As relief, the Plaintiff seeks, among other things, to recover monetary damages and attorneys’ fees from the Defendants. Id. at Prayer for Relief. The Arbitration Agreement Lastly and relevant to this pending motion, the Defendants maintain in this action that the parties have entered into a valid arbitration agreement (the “Arbitration Agreement”) which governs this dispute. See generally ECF Nos. 14-1 and 19-1. In this regard, paragraph 18 of the promissory note at issue in this case contains an arbitration provision which provides as follows: 18. Arbitration. RESOLUTION OF DISPUTES: I HAVE READ THIS PROVISION CAREFULLY, AND UNDERSTAND THAT IT LIMITS MY RIGHTS IN THE EVENT OF A DISPUTE BETWEEN YOU AND ME. I UNDERSTAND THAT I HAVE THE RIGHT TO REJECT THIS PROVISION, AS PROVIDED IN PARAGRAPH (i) BELOW.

(a) In this Resolution of Disputes provision:

(i) “I”, “me” and “my” mean the promisor under this Note, as well as any person claiming through such promisor;

(ii) “You” and “your” mean WebBank, any person servicing this Note for WebBank, any subsequent holders of this Note or any interest in this Note, any person servicing this Note for such subsequent holder of this note, and each of their respective parents, subsidiaries, affiliates, predecessors, successors, and assigns, as well as the officers, directors, and employees of each of them; and

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Bluebook (online)
Jackson v. Velocity Investments, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/jackson-v-velocity-investments-llc-mdd-2025.