N.Y. Banking Law § 739
License provisions and posting
New York · New York Banking Law · Status: effective · Effective 2025-05-16
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- N.Y. Banking Law § 739, License provisions and posting, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1095009
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* § 739. License provisions and posting. 1. A license issued under
this article shall state the name and address of the licensee, and if
the licensee be a co-partnership or association, the names of the
members thereof, and for a corporation, the date and place of its
incorporation.
2. Such license shall be kept conspicuously posted on the mobile
application, website, or other consumer interface of the licensee, as
well as listed in the terms and conditions of any buy-now-pay-later loan
offered or entered into by the licensee. The superintendent may provide
by regulation an alternative form of notice of licensure.
3. A license issued under this article shall not be transferable or
assignable.
* NB Effective upon the one hundred eightieth day after the
promulgation of rules and/or regulations by the department of financial
services to effectuate certain provisions (see Ch. 58 of 2025, Part Y, §
13)