N.Y. Banking Law Section 494
License form

  • posting
  • limitations

1.

Each license issued under this article shall state the address at which the licensed business is to be conducted and shall state fully the name of the licensee and, if the licensee is a copartnership or association, the names of the members thereof, and if a corporation, the date and place of its incorporation and the address of its principal place of business. Such license shall be kept conspicuously posted in the licensee’s specified place of business and shall not be transferable or assignable.

2.

Whenever any licensee hereunder changes its place of business to another location, it shall give immediate written notice thereof to the superintendent, who shall without charge attach to the license or endorse on it in writing a record of the change and the date thereof, which shall be authority for the operation of the business under such license at such new location.

3.

No person, except a licensee, may make any representation, directly or indirectly, orally or in writing, that he is licensed under this article, and a licensee may make such a representation only in connection with the licensee’s business as a sales finance company and in accordance with any rules and regulations of the superintendent.

Source: Section 494 — License form; posting; limitations, https://www.­nysenate.­gov/legislation/laws/BNK/494 (updated Sep. 22, 2014; accessed Jan. 11, 2025).

Green check means up to date. Up to date

Accessed:
Jan. 11, 2025

Last modified:
Sep. 22, 2014

§ 494’s source at nysenate​.gov

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