Final

00F-BD020-BNK · State Banking Department · 2000-11-30

IN THE OFFICE OF ADMINISTRATIVE HEARINGS

I have reviewed the records of the Office and as co-custodian of such records have determined:

1. On October 19, 2000, the recommended decision in the above entitled matter was transmitted to the Arizona State Banking Department by mail;

2. Pursuant to A.R.S. § 41 -1092.08, the Arizona State Banking Department was required to accept, reject or modify the recommended decision, as evidenced by receipt of such action by the Office of Administrative Hearings, on or before November 24, 2000.

3. No action by Arizona State Banking Department was received by the Office of Administrative Hearings as of November 24, 2000.

Therefore, pursuant to A.R.S. § 41 -1092.08, the attached recommended decision is certified as the final administrative decision of the Arizona State Banking Department. This means that the Arizona State Banking Department may not modify or reject this recommended decision. You have the right to request a rehearing from the Arizona State Banking Department pursuant to A.R.S. § 41-1092.09(A). In addition, you have the right to appeal your action to the Superior Court, pursuant to A.R.S. § 41- 1092.08(H) although you may be required to seek a rehearing from the Arizona State Banking Department before you appeal (see A.R.S. § 41- 1092.09(B)). Your further rights will be lost if you do not act in a timely manner. You may wish to review these sections as quickly as possible after receipt of this notice. They can be located at your local library.

Done this day, November 30, 2000.

_________________________________ Cliff J. Vanell Director

Original transmitted by mail this ____ day of ____________, 2000, to:

Richard C. Houseworth, Superintendent Arizona State Banking Department ATTN: June Beckwith 2910 North 44th Street, Suite 310 Phoenix, AZ 85018

Ivy L. Kushner 4300 North Miller Road, Apartment 222 Scottsdale, AZ 85251

Office of the Attorney General Viet V. Le 1275 West Washington Phoenix, AZ 85007-2997

By _______________________________ -----------------------

Office of Administrative Hearings 1400 West Washington, Suite 101 Phoenix, Arizona 85007 (602) 542-9826