Section 17:11C-3 - License required for consumer lender, sales finance companya. No person shall engage in business as a consumer lender or sales finance company without first obtaining a license or licenses under this act.b. The department shall issue licenses under this act which specify whether a licensee may act as a consumer lender or a sales finance company. A licensee may not engage in a licensed activity under this act or the "Retail Installment Sales Act of 1960," P.L. 1960, c.40 (C.17:16C-1 et seq.), unless the license issued by the department specifies that the licensee may engage in that licensed activity.c. (Deleted by amendment, P.L. 2009, c. 53)d. (Deleted by amendment, P.L. 2009, c. 53)Amended by L. 2009, c. 53,s. 42, eff. 7/31/2010, or the later date approved by the Secretary of the United States Department of Housing and Urban Development pursuant to the provisions of section 1508 of the federal "Secure and Fair Enforcement for Mortgage Licensing Act of 2008," Pub.L. 110-289 (12 U.S.C. s.5107) .