Family Finance Corp. v. Gaffney

The opinion of the court was delivered by

William J. Brennan, Jr., J.

No person may conduct a small loan business at any location without first obtaining a license from the Commissioner of Banking and Insurance, R. S. 17:10-2. The Commissioner “shall issue” the license if he finds that the financial responsibility, experience, character and general fitness of the applicant, and of the officers and directors thereof, if a corporation, are such as to command the confidence of the community and to warrant belief that the business will be operated honestly, fairly and efficiently, that the…