N.Y. BNK Law § 641

§ 641. License. 1. No person shall engage in the business of selling\nor issuing checks, or engage in the business of receiving money for\ntransmission or transmitting the same, without a license therefor\nobtained from the superintendent as provided in this article, nor shall\nany person engage in such business as an agent, except as an agent of a\nlicensee or as agent of a payee; provided, however, that nothing in this\narticle shall apply to a bank, trust company, private banker, foreign\nbanking corporation licensed pursuant to article two of this chapter or\nforeign banking company authorized to operate pursuant to the\nInternational Banking Act of 1978 (12 USC 3101 et seq.), as amended,\nsavings bank, savings and loan association, an investment company, a\nnational banking association, federal reserve bank, corporation\norganized under the provisions of section twenty-five-a of an act of\ncongress entitled the "Federal Reserve Act", federal savings bank,\nfederal savings and loan association or state or federal credit union.\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, if incorporated, the date of\nincorporation and the state where incorporated.\n (b) The complete address of the principal office from which the\nbusiness is to be conducted, and where the books and records of the\napplicant are maintained and to be maintained, showing the street and\nnumber, if any, and the municipality and county;\n (c) If the applicant has one or more branches, subsidiaries or\naffiliates engaging in this state in the business of selling or issuing\nchecks, or of receiving money for transmission or transmitting the same,\nthe complete name and address of each;\n (d) The name and residence address of the applicant, if an individual\nor, if a partnership, of its partners or, if a corporation or\nassociation, of the directors, trustees and principal officers thereof,\nand of any stockholder owning twenty per centum or more of any class of\nits stock; and\n (e) Such other pertinent information as the superintendent may\nrequire.\n 3. Application for a license shall be accompanied by an investigation\nfee as prescribed pursuant to section eighteen-a of this chapter, which\nshall not be refunded.\n