Title 3 Banking - Chapter III Superintendent's Regulations - Subchapter B. Non-Banking Organizations - Part 400 Licensed Cashers of Checks - s 400.10 Mobile unit.


Published: 2021-01-15

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In addition to the information and procedure required under section 400.1 of this Part:

(a) Every applicant for a mobile unit license must specify in the application:

(1) The one or more designated places in a general area described and bounded by streets and avenues at which the facilities of the mobile unit are to be made available to the public for the cashing of checks, drafts or money orders.

(2) The names and addresses of the principal establishments whose employees are to be primarily served by the operation of the mobile unit in such general area, together with a statement outlining the convenience, advantage and necessity therefor, particularly with regard to the presence of existing banking institutions and/or other check cashing facilities available in the general area.

(3) The particular streets within the general area on which it is expected that the mobile unit will actually transact its business.

(4) The days of the week (not more than one day or one period of 24 consecutive hours for each designated place) that the unit will be in operation within such general area.

(5) The place where the books, records, and all information pertaining to its business are to be kept and be available to representatives of the department. Such place shall not be changed without first advising the superintendent in writing of the new place where such records are to be kept.

(b) A licensee of a mobile unit may only transact business at the particular locations specified in its licenses.

(c) Neither the places nor the days designated in the application may be changed without the written approval of the superintendent as provided for in Banking Law, section 370(3).

(d) The holder of a license to operate a mobile unit must comply with the Vehicle and Traffic Law and the ordinances and traffic regulations issued by municipal and other authorities. In the event that any municipality shall require a special permit or license for the purpose of operating a mobile unit, the obtaining of such special permit or license by the applicant shall be a condition precedent to the issuance of a license by the superintendent.

(e) A licensee of a mobile unit shall observe the rules and regulations issued by the superintendent which are applicable to all licensed cashers of checks.