§ 492. License.
1.No person, except a bank, savings bank, savings and\nloan association, trust company, private banker, credit union,\ninvestment company organized under article twelve of this chapter and\nauthorized to accept deposits, national bank, federal savings\nassociation, federal credit union, or out-of-state state bank, as such\nterm is defined in subdivision two of section two hundred twenty-two of\nthis chapter, or lender licensed pursuant to article nine of this\nchapter, shall engage in the business of a sales finance company in this\nstate without a license therefor obtained from the superintendent, as\nprovided in this article.\n 1-a. Subdivision one of this section does not apply to corporations\nsubject to the insurance law and corporations and private bankers\nsubjec
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§ 492. License. 1. No person, except a bank, savings bank, savings and\nloan association, trust company, private banker, credit union,\ninvestment company organized under article twelve of this chapter and\nauthorized to accept deposits, national bank, federal savings\nassociation, federal credit union, or out-of-state state bank, as such\nterm is defined in subdivision two of section two hundred twenty-two of\nthis chapter, or lender licensed pursuant to article nine of this\nchapter, shall engage in the business of a sales finance company in this\nstate without a license therefor obtained from the superintendent, as\nprovided in this article.\n 1-a. Subdivision one of this section does not apply to corporations\nsubject to the insurance law and corporations and private bankers\nsubject to the banking law in exercising the powers granted to them by\nchapter eight hundred ninety-seven of the laws of nineteen hundred\nthirty-four as heretofore or hereafter enacted.\n 2. Application for a license required under this article shall be in\nwriting, under oath, and in the form prescribed by the superintendent,\nand shall contain the following:\n (a) The exact name of the applicant and date of incorporation, if\nincorporated;\n (b) The complete address where the business is to be conducted,\nshowing the street and number, if any, the office building and room\nnumber, if any, and the municipality and county;\n (c) If the applicant has one or more branches, subsidiaries or\naffiliates operating in this state, the complete address of each such\nplace of business; and\n (d) The name and resident address of the owner or partners of the\napplicant or, if a corporation or association, of the directors,\ntrustees and principal officers, and of any stockholder owning twenty\nper centum or more of its stock; and\n (e) Such other pertinent information as the superintendent may\nrequire.\n 3. Where an applicant operates several places of business, separate\napplications for license shall be made for each such place of business.\n 4. At the time of filing an application for license, the applicant\nshall pay to the superintendent an investigation fee.\n The investigation fee shall be as prescribed pursuant to section\neighteen-a of this chapter, except that, when an applicant files\napplications for licenses for three or more places of business at the\nsame time, the total investigation fee for all the applications shall be\nthree times the amount as prescribed pursuant to section eighteen-a of\nthis chapter.\n