N.Y. General Business Law § 40: Licenses

§ 40. Licenses. No person, corporation, partnership or firm shall

hereafter carry on the business of collateral loan broker, without

having first obtained from the mayor of the city or licensing authority

of the local governing body where the business is to be carried on a

license authorizing such person to carry on the same in the manner and

upon the conditions stated in the succeeding sections of this article.

In the city of New York such license may be issued by the commissioner

of consumer affairs. Nothing herein shall be construed to prohibit a

collateral loan broker from employing the title pawnbroker in connection

with the collateral loan business. The title pawnbroker shall be used

exclusively by a collateral loan broker.