§ 739 — License provisions and posting

New York § 739

• Jurisdiction: New York
• Law BNK: Banking
• Art. 14-B: Buy-now-pay-later Lenders

Text

* § 739. License provisions and posting. 1. A license issued under\nthis article shall state the name and address of the licensee, and if\nthe licensee be a co-partnership or association, the names of the\nmembers thereof, and for a corporation, the date and place of its\nincorporation.\n 2. Such license shall be kept conspicuously posted on the mobile\napplication, website, or other consumer interface of the licensee, as\nwell as listed in the terms and conditions of any buy-now-pay-later loan\noffered or entered into by the licensee. The superintendent may provide\nby regulation an alternative form of notice of licensure.\n 3. A license issued under this article shall not be transferable or\nassignable.\n * NB Effective upon the one hundred eightieth day after the\npromulgation of rules and/or regulations by the department of financial\nservices to effectuate certain provisions (see Ch. 58 of 2025, Part Y, §\n13)\n