N.Y. Banking Law § 641: License

§ 641. License. 1. No person shall engage in the business of selling

or issuing checks, or engage in the business of receiving money for

transmission or transmitting the same, without a license therefor

obtained from the superintendent as provided in this article, nor shall

any person engage in such business as an agent, except as an agent of a

licensee or as agent of a payee; provided, however, that nothing in this

article shall apply to a bank, trust company, private banker, foreign

banking corporation licensed pursuant to article two of this chapter or

foreign banking company authorized to operate pursuant to the

International Banking Act of 1978 (12 USC 3101 et seq.), as amended,

savings bank, savings and loan association, an investment company, a

national banking association, federal reserve bank, corporation

organized under the provisions of section twenty-five-a of an act of

congress entitled the "Federal Reserve Act", federal savings bank,

federal savings and loan association or state or federal credit union.

2. Application for a license required under this article shall be in

writing, under oath, and in the form prescribed by the superintendent,

and shall contain the following:

(a) The exact name of the applicant and, if incorporated, the date of

incorporation and the state where incorporated.

(b) The complete address of the principal office from which the

business is to be conducted, and where the books and records of the

applicant are maintained and to be maintained, showing the street and

number, if any, and the municipality and county;

(c) If the applicant has one or more branches, subsidiaries or

affiliates engaging in this state in the business of selling or issuing

checks, or of receiving money for transmission or transmitting the same,

the complete name and address of each;

(d) The name and residence address of the applicant, if an individual

or, if a partnership, of its partners or, if a corporation or

association, of the directors, trustees and principal officers thereof,

and of any stockholder owning twenty per centum or more of any class of

its stock; and

(e) Such other pertinent information as the superintendent may

require.

3. Application for a license shall be accompanied by an investigation

fee as prescribed pursuant to section eighteen-a of this chapter, which

shall not be refunded.