§ 369. Conditions precedent to issuing license; issuance and filing of\nlicense; posting license. 1. If the superintendent shall find that the\nfinancial responsibility, experience, character, and general fitness of\nthe applicant, and of the members thereof if the applicant be a\nco-partnership or association, and of the officers and directors thereof\nif the applicant be a corporation, are such as to command the confidence\nof the community and to warrant belief that the business will be\noperated honestly, fairly, and efficiently within the purposes of this\narticle, and if the superintendent shall find that the granting of such\napplication will promote the convenience and advantage of the area in\nwhich such business is to be conducted, and if the superintendent shall\nfind that the applicant has available for the operation of such business\nfor each location and for each mobile unit specified in the application\nliquid assets of at least ten thousand dollars, the superintendent shall\nthereupon execute a license in duplicate to permit the cashing of\nchecks, drafts and money orders in accordance with the provisions of\nthis article at the location or in the area specified in such\napplication. In finding whether the application will promote the\nconvenience and advantage to the public, the superintendent shall\ndetermine whether there is a community need for a new licensee in the\nproposed area to be served. No license shall be issued to an applicant\nfor a license, at a location to be licensed which is closer than one\nthousand five hundred eighty-four feet (three-tenths of a mile) from an\nexisting licensee, except with the written consent of such existing\nlicensee or pursuant to subdivision three of section three hundred\nseventy of this article, subject to any restriction or condition as the\nsuperintendent may promulgate by regulation; provided, however, the\nsuperintendent may permit a location to be licensed that is closer than\nthree-tenths of a mile from an existing licensee provided such applicant\nengages in the cashing of checks, drafts or money orders only for payees\nof such checks, drafts or money orders that are other than natural\npersons at the location to be licensed and such applicant was engaged in\nthe cashing of such checks, drafts or money orders for payees that are\nother than natural persons at such location on or before the fourteenth\nday of July, two thousand four, and provided further that upon licensing\nany such location by the superintendent, such license as it pertains\nsolely to such location shall not be affected thereafter by any change\nof control of such license pursuant to section three hundred seventy-a\nof this article, provided that the licensee continues thereafter to\nengage at that location in the cashing of checks, drafts or money orders\nonly for payees that are other than natural persons and provided further\nthat such license shall bear a legend stating that such location is\nrestricted to the cashing of checks, drafts or money orders only for\npayees that are other than natural persons. The three-tenths of a mile\ndistance requirement as set forth in this section shall not apply in\ncases where the existing licensee is a restricted location as authorized\nin the preceding sentence, or is any other licensed location that\nengages solely in the cashing of checks, drafts or money orders only for\npayees that are other than natural persons. For purposes of this\nsection, such distance shall be measured on a straight line along the\nstreet between the nearest point of the store fronts of the check\ncashing facilities. The primary business of the licensee, at the\nlocation to be licensed, shall be financial services. The superintendent\nshall transmit one copy of such license to the applicant and file\nanother in the office of the department. Notwithstanding the foregoing\nprovisions of this subdivision, the superintendent, upon application by\nan applicant and for good cause
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