No person, corporation, partnership or firm shall hereafter carry on the business of collateral loan broker within the City without having first obtained a license from the City Clerk upon the conditions stated in Article
5 of the General Business Law.
Each person receiving a collateral loan broker's
license shall pay to the City Treasurer the sum of $100.
Any person licensed under this article shall comply with all the regulations contained in Article
5 of the General Business Law.