N.Y. General Business Law § 41: Licenses, how obtained; penalty for carrying on business without license

§ 41. Licenses, how obtained; penalty for carrying on business without

license. The mayor or such local licensing authority may from time to

time grant, under his or her hand and the official seal of his or her

office, to such citizens, or noncitizens lawfully admitted for permanent

residence in the United States, as he or she shall deem proper and who

shall produce to him satisfactory evidence of their good character, a

license authorizing such person to carry on the business of a collateral

loan broker, which license shall designate the house in which such

person shall carry on said business, and no person, corporation,

partnership or firm shall carry on the business of a collateral loan

broker without being duly licensed, nor in any other house than the one

designated in said license, under a penalty of one hundred dollars for

each day he or they shall exercise or carry on said business without

such license or at any other house than the one so designated. Any

person receiving such license shall pay therefor the sum of five hundred

dollars for the use of the city yearly where such business is to be

conducted in a city with a population of more than one million persons,

and where the business is to be conducted elsewhere the fee for such

license shall not exceed two hundred fifty dollars yearly, and every

such license shall expire one year from the date thereof, and may be

renewed on application to the mayor or local licensing authority each

and every year on payment of the same sum and upon performance of the

other conditions herein contained. Every person so licensed shall, at

the time of receiving such license, file with the mayor or such local

licensing authority granting the same a bond to the local authorities,

to be executed by the person so licensed and by two responsible

sureties, in the penal sum of ten thousand dollars, to be approved by

such mayor or local licensing authority, which bond shall be conditioned

for the faithful performance of the duties and obligations pertaining to

the business so licensed, and the mayor or such local licensing

authority shall have full power and authority to revoke such license for

cause.