2010 New York Code
BNK - Banking
Article 11-B - (491 - 502) SALES FINANCE COMPANIES
492 - License.

§ 492. License. 1. No person, except a bank, savings bank, savings and
  loan   association,   trust   company,  private  banker,  credit  union,
  investment company organized under article twelve of  this  chapter  and
  authorized   to   accept   deposits,   national  bank,  federal  savings
  association, federal credit union, or out-of-state state bank,  as  such
  term  is defined in subdivision two of section two hundred twenty-two of
  this chapter, or lender  licensed  pursuant  to  article  nine  of  this
  chapter, shall engage in the business of a sales finance company in this
  state  without  a  license therefor obtained from the superintendent, as
  provided in this article.
    1-a. Subdivision one of this section does not  apply  to  corporations
  subject  to  the  insurance  law  and  corporations  and private bankers
  subject to the banking law in exercising the powers granted to  them  by
  chapter  eight  hundred  ninety-seven  of  the  laws of nineteen hundred
  thirty-four as heretofore or hereafter enacted.
    2. Application for a license required under this article shall  be  in
  writing,  under  oath, and in the form prescribed by the superintendent,
  and shall contain the following:
    (a) The exact name of the applicant  and  date  of  incorporation,  if
  incorporated;
    (b)  The  complete  address  where  the  business  is to be conducted,
  showing the street and number, if any,  the  office  building  and  room
  number, if any, and the municipality and county;
    (c)  If  the  applicant  has  one  or  more  branches, subsidiaries or
  affiliates operating in this state, the complete address  of  each  such
  place of business; and
    (d)  The  name  and  resident  address of the owner or partners of the
  applicant or,  if  a  corporation  or  association,  of  the  directors,
  trustees  and  principal  officers, and of any stockholder owning twenty
  per centum or more of its stock; and
    (e)  Such  other  pertinent  information  as  the  superintendent  may
  require.
    3.  Where  an  applicant operates several places of business, separate
  applications for license shall be made for each such place of business.
    4. At the time of filing an application  for  license,  the  applicant
  shall pay to the superintendent an investigation fee.
    The  investigation  fee  shall  be  as  prescribed pursuant to section
  eighteen-a of  this  chapter,  except  that,  when  an  applicant  files
  applications  for  licenses  for three or more places of business at the
  same time, the total investigation fee for all the applications shall be
  three times the amount as prescribed pursuant to section  eighteen-a  of
  this chapter.