Source: https://www.dob.texas.gov/legal/order/order-no-2012-027
Timestamp: 2020-02-24 02:51:07
Document Index: 689917167

Matched Legal Cases: ['§ 2001', '§ 154', '§ 154', '§ 154', '§ 154', '§ 154']

Order No. 2012-027 | Texas Department of Banking
Order No. 2012-027
G.W. Cox Memorial Funeral Home of Del Rio, Ltd.
On this day, the matter G.W. Cox Memorial Funeral Home of Del Rio, Ltd. (Respondent), was submitted to the Banking Commissioner (Commissioner) of the State of Texas for consideration and action. This matter concerns the issue of administrative penalties relating to Respondent's violation of Texas law with regard to the sale of prepaid funeral benefits contracts.
Respondent and the Texas Department of Banking (Department) jointly request the Commissioner to dispose of this matter pursuant to the provisions of Government Code § 2001.056 by entering this Agreed Order. Respondent and the Department stipulate to the facts found by the Commissioner as restated here, and the parties agree to comply with the terms of this Agreed Order.
Respondent operates a funeral home known as G.W. Cox Memorial Funeral Home, located at 114 Fletcher Drive, Del Rio, Texas. Respondent does not hold the permit required by Texas Finance Code § 154.101 to sell prepaid funeral contracts (PFCs) in Texas.
On November 13, 2008, Respondent violated Texas Finance Code § 154.101 by selling a PFC without the required permit; Respondent violated Texas Finance Code § 154.203 by failing to forward the funds collected for insurance premiums. Respondent corrected the violations on June 21, 2012, by issuing a refund to the purchaser of the PFC, and no further restitution is necessary.
Texas Finance Code § 154.406 authorizes the Commissioner to assess administrative penalties in this matter. The imposition of an administrative penalty against Respondent in the amount of $500.00 is appropriate and reasonable given the nature of the violations cited in Paragraph 4 above. Respondent has agreed to pay an administrative penalty in this amount.
Any violation of this Order could subject Respondent to additional regulatory or enforcement actions. Nothing in this Order diminishes the regulatory or enforcement powers of the Department, the Commissioner, or the Finance Commission of Texas, or restricts the Department from using the facts of this matter, or other past matters that may come to light in the future, to establish a pattern or practice of repeated violations of law in future proceedings.
Respondent has been notified of its right to a hearing on the matter of administrative penalties under Texas Finance Code § 154.406.
Respondent affirms that the illegal contract described in Paragraph 4 above is the only PFC that Respondent has sold. Respondent shall sell no future PFCs without first obtaining the required permit. Respondent shall not engage in any other activities that violate Texas Finance Code Chapter 154.
Respondent and the Department agree that an administrative penalty of $500.00 is appropriate, given the violations described in Paragraph 4. The administrative penalty of $500.00 shall be payable to the Department on or before the effective date of this Order.
Signed this 28th day of August, 2012.
/s/ Judy Cox August 24, 2012
Judy Cox Date
County of Val Verde (
Sworn to and subscribed before me on the 24th day of August, 2012, by Judy Cox.
/s/ Vincente Flores, Jr.
/s/ Daniel Wood August 21, 2012