* FINCEN (US TREASURY) LICENSING

​   DISCUSSED AT THE BOTTOM OF PAGE!!!


APPLICATION FOR LICENSE AS

A CHECK CASHER

  • No person, partnership, association or corporation may ​engage in the business of cashing checks, drafts or money orders for consideration (payment) in New York without first obtaining a license from the Department of Financial Services.
  •   The application is complex and should be prepared by a lawyer to insure that it is completed correctly so that the license is issued quickly.  
  • We can prepare the application for you for a fee of $500.  The fee includes the preparation of all of the applications, including the business plan, community need study, money laundering policies, procedures and internal controls, and the notary work.
  •  Please contact us today for a free legal consultation.




APPLICATION FOR LICENSE AS A LICENSED MONEY TRANSMITTER

  •  No person, partnership, association or corporation may engage in the business of selling or issuing payment

           instruments, such as checks, or engage in the business of receiving money for transmission or transit without 

           becoming a licensed money transmitter.

  •  The application is complex and should be prepared by a lawyer to insure that it is completed correctly so that the license is issued quickly.  
  • We can prepare the application for you for a fee of $500.  The fee includes the preparation of all of the applications, including the business plan, community needs study, money laundering policies, procedures and internal controls, and the notary work.
  •  Please contact us today for a free legal consultation.



APPLICATION FOR LICENSE AS A LICENSED LENDER


  • No person, partnership, association or corporation may make a loan of $25,000 or less to an individual for personal, family or household uses or make a loan of $50,000 for investment or business purposes and charge more than the legal limit of interest, currently 16%, without a license as a licensed lender.  
  • The application is complex and should be prepared by a lawyer to insure that it is completed correctly so that the license is issued quickly.
  •  We can prepare the application for you for a fee of $500.
  •  The fee includes the preparation of all of the applications, including the business plan, community needs study, money laundering policies, procedures and internal controls, and the notary work.
  •  Please contact us today for a free legal consultation.




APPLICATION FOR LICENSE AS A LICENSED BUDGET PLANNER

  • Only a Type B not-for-profit corporation shall engage in the business of budget planning and apply for a license.  
  • The application is complex and should be prepared by a lawyer to insure that it is completed correctly so that the license is issued quickly.
  •  We can file the appropriate Type B not-for-profit corporation for a fee of $225 and prepare the application for the license for a fee of $500.
  •  The fee includes the preparation of all required applications, including the business plan, community needs study, money laundering policies, procedures and internal controls, and the notary work.  
  • Please contact us today for a free legal consultation.




APPLICATION FOR LICENSE AS A PREMIUM FINANCE AGENCY


  • A premium finance agency is an individual or entity engaged in whole or in part, in the business of entering into premium finance agreements with insured, including a bank if so engaged.
  • No person shall engage in the business of a premium finance agency without first obtaining a license.
  • The application is complex and should be prepared by a lawyer to insure that it is completed correctly so that the license is issued quickly.  We can prepare the application for you for a fee of $500.  
  • The fee includes the preparation of all of the required applications, including the business plan, community needs study, money laundering policies, procedures and internal controls, and the notary work.
  •  Please contact us today for a free legal consultation.




APPLICATION FOR LICENSE AS A SALES FINANCE COMPANY


  • No person, partnership, association or corporation may engage in the business of purchasing retail installment contracts, obligations, or credit agreements made between other parties without first obtaining a license from the Department of Financial Services.  
  • The application is complex and should be prepared by a lawyer to insure that it is completed correctly so that the license is issued quickly.
  •  We can prepare the application for you for a fee of $500.
  •  The fee includes the preparation of all of the applications, including the business plan, community needs study, money laundering policies, procedures and internal controls, and the notary work.
  •  Please contact us today for a free legal consultation.


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APPLICATION TO BECOME LICENSED INSURANCE AGENT OR BROKER

  • No person, partnership, association or broker may act as an insurance agent or broker in New York State without first obtaining the correct license from New York State.  Let our firm assist you with the application process.  
  • A licensed agent represents the insurance company and a licensed broker represents the insured.
  • Both licensing applications have pre-approved pre-licensing education requirements as well as examination requirements.  
  • Licensing requirements vary for Life/Accident/Health Agents and Brokers and Property & Casualty Agents and Brokers.
  •  Our firm can assist and guide you through the application process for a fee of $400.  This fee covers legal consultation, completion of application and all documentary requirements.  Please let us assist you so that you can become licensed quickly.




FINCEN REGISTRATION - FEDERAL REGISTRATION REQUIRED

Businesses which are deemed or classified as "Money Services Businesses" (MSB) under the Bank Secrecy Act as amended by the Financial Crimes Enforcement Network must register as an MSB with the United States Department of Treasury.  Business types that are deemed to be MSBs and must register include:

* Issuer of money orders

*Seller of money orders

*Redeemer of Money Orders

*Issuer of Travelers Checks

*Seller of Travelers Checks

*Redeemer of Travelers Checks

*Money Transmitter

*Check Casher

*Dealer in Foreign Exchange

*Provider of Prepaid Access

*Seller of Prepaid Access

Let our firm assist you with the required filings.  We prepare the initial application for a fee of $500.






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R.WILLIAMS, P.C.

Attorney at Law


NEW YORK LICENSED FINANCIAL SERVICES


The State of New York licenses and regulates different financial services including budget planners, check cashers, lenders, money transmitters, premium finace agencies and sales finance companies.  Please let our firm assist you with the application so that it is completed correctly and quickly. 



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CALL (347) 691-8193​ OR (646) 850-1018

​INFO@RUSSELLWILLIAMSLAW.COM