Information and Resources for Sales Finance Companies

As stated in Section 492(1) of the Banking Law, “No person, except a bank, savings bank, savings and loan association, trust company, private banker, credit union, investment company organized under article twelve of this chapter and authorized to accept deposits, national bank, federal savings association, federal credit union, or out-of-state state bank, as such term is defined in subdivision two of section two hundred twenty-two of this chapter, or lender licensed pursuant to article nine of this chapter, shall engage in the business of a sales finance company in this state without a license therefor obtained from the superintendent, as provided in this article.”

For Sales Finance Company licensing requirements see Article 11-B of Banking Law, sections 491 to 502 and Superintendent's Regulations parts 403 and 300.

Applications and Licensing

The Department of Financial Services uses the Nationwide Multistate Licensing System and Registry (NMLS) to manage license applications and ongoing regulation of Sales Finance Companies.

• Application and License Management

Annual Reporting

• 2022 NMLS Sales Finance Company Annual Report Form
• 2022 Non-NMLS Sales Finance Company Annual Report Form

Common Forms

The following forms are in PDF format.

• Authority to Release Information
• Fair Lending - Certificate of Compliance (PDF)
• Financial Statement (PDF)
• Licensee Contact Update (PDF)
• Litigation Affidavit (PDF)
• Lost License Affidavit (PDF)
• Personal Questionnaire (PDF)