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
- 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,
- 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
- 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.
Director of Non-Depository Institutions
and Consumer Protection