Mason County News
Weather Fair 81.0°F (47%)
Department of Banking Cancels Permit of Gentry Fife Funeral Home, Junction, Texas and Seizes Related
Wednesday, March 17, 2010 • Posted March 17, 2010

On March 2, 2010, Texas Banking Commissioner Charles G. Cooper ordered that the permit held by Jeffrey Gentry, d.b.a. Gentry Fife Funeral Home, Junction, Texas, be cancelled, and issued an Order to cease and desist all activities relating to the sale of prepaid funeral benefit contracts and seizure of all prepaid funeral contract records and funds.

The Order recites that Gentry violated Chapter 154 of the Texas Finance Code by failing to maintain records and properly deposit money collected from the sale of a trust-funded contract. Under the Order, Gentry has been instructed to cease selling prepaid funeral benefit contracts and to cease collecting associated funds. Further, the Department seized Gentry’s prepaid funeral records and related trust funds.

The Order was effective immediately, but Gentry has requested a hearing to determine whether the Order should be stayed. That hearing is set for April 22, 2010 at the Texas Department of Banking office in Austin.

In accordance with Section 25.19 of Title 7 of the Texas Administrative Code, the Department is tasked with finding another funeral home to service the outstanding trust-funded contracts of purchasers who elect to keep their trust-funded contracts. The Department’s goal is to protect the rights and interests of these trust-funded contract purchasers by transferring responsibility to perform the trust-funded contracts to a responsible successor selected by the Banking Commissioner of Texas.

Gentry also operates Gentry Funeral Home in Mason, Texas and recently opened Gentry Funeral Home in Fort Stockton, Texas.

Inquiries regarding your prepaid funeral contract should be directed to:

Texas Department of Banking

Special Audits Division

2601 N. Lamar Blvd.

Austin, Texas 78705-4294

Toll-free (877) 276-5554, at the menu prompt select "3" for Inquiries/Complaints, at the next prompt select "6" for Funeral Contracts/Cemeteries or Directly (512) 475-1285

This article has been read 1112 times.
Readers are solely responsible for the content of the comments they post here. Comments do not necessarily reflect the opinion or approval of Mason County News. Comments are moderated and will not appear immediately.
Comments powered by Disqus