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

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§ 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.

(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.