2021 New York Laws
BNK - Banking
Article 9 - Licensed Lenders
343 - License Provisions; Separate License for Each Place of Business; Change of Location.

Universal Citation: NY Banking L § 343 (2021)
§ 343.   License  provisions;  separate  license  for  each  place  of
business; change of location. 1. A license shall state  the  address  at
which  the business is to be conducted and shall state fully the name of
the licensee, and if the licensee is a partnership or  association,  the
names  of  the members thereof, and if a corporation, the date and place
of its incorporation. A  master  license  shall  be  kept  conspicuously
posted  in  the  principal  place  of  business  of  the  licensee and a
supplemental license shall  be  conspicuously  posted  at  the  location
identified  in  the  license. No master or supplemental license shall be
transferable or assignable.
  2. A separate license shall be required for each location at  which  a
licensee   makes  loans  under  the  provisions  of  this  article.  The
superintendent may issue more than one license to the same licensee. For
each new license, the licensee shall comply with  all  the  requirements
for obtaining a license as stated in this article.
  3.  (a)  A  licensee  may  change  the  location  of a licensed lender
business by giving written notice to the superintendent at least  thirty
days  prior to such change. The licensee shall pay to the superintendent
a fee as prescribed pursuant to section eighteen-a of this  chapter  for
each  change  of location and shall provide any information which may be
required regarding the change of location.

(b) The superintendent shall, if satisfied that there is no reasonable objection to such change of location and upon the surrender of the license for the location which is being changed, issue a license containing the information required by subdivision one of this section. If the superintendent shall not be satisfied that such change is in accordance with the purposes of this article, the superintendent shall refuse such change of location and notify the licensee of the determination.

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