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Family Choice Funding, Corp. - Order of Revocation

State of New York Banking Department


In the Matter of

Family Choice Funding, Corp.

A registered Mortgage Broker Pursuant
to Article 12-D of the New York Banking Law

- Registrant -

ORDER OF REVOCATION


AFTER, due and proper notice and hearing; and

AFTER, review of the transcript of the January 8, 2010 hearing in this matter and the Findings of Fact and Recommended Decision of Dale Black-Pennington, Esq., the duly designated Hearing Officer, a copy of which is annexed hereto, I find that substantial evidence has been adduced that Family Choice Funding Corp (“Registrant”), a mortgage broker registered pursuant to Article 12-D of the New York State Banking Law (the “Banking Law”), violated the provisions of Section 597 of the Banking Law and Part 410.8(b) of the Superintendent’s Regulations in that Registrant submitted a Volume of Operations Report for the 2007 calendar year on October 8, 2008, after the extended deadline of  April 18, 2008.

NOW THEREFORE, under the authority granted to me pursuant to Sections 595(1) and 44-a of the Banking Law:

IT IS HEREBY ORDERED,

  1. That Registrant’s registration as a mortgage broker is revoked, thereby deleting its name from the roll of registered mortgage brokers pursuant to Article 12-D upon the date of this Order; and
  2. That Registrant shall immediately return, to the Banking Department, its mortgage broker’s registration issued by the Banking Department upon the date of this order.
Witness, my hand and official seal of the Banking Department at the City of New York, this 14th day of May in the Year Two Thousand and Ten.

____________________________
Jane Azia
Director of Non-Depository Institutions
and Consumer Protection

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