Section 343. License provisions; separate license for each place of business; change of location  


Latest version.
  • 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.