Intune Password Requirement Error -2016281112 on New Device Enrollment

An error of -2016281112 is occurring for Required password type under Device Restrictions for both Windows and iOS devices.

This requirement is already met by hundreds of other devices across both ecosystems, but the issue has arisen recently with the enrollment of new devices over the past week or two. Has this issue been acknowledged by Intune support?

For reference, here is a troubleshooting article related to this issue: https://learn.microsoft.com/en-us/troubleshoot/mem/intune/device-protection/error-deploying-password-policy.

The password policy is set to "Alphanumeric," which complies with the standard for this setting on all devices.

Any assistance with resolving this issue would be greatly appreciated, as it seems to be related specifically to Intune.