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Assembly Bill A711

2015-2016 Legislative Session

Requires retail purchasers to photograph customers with jewelry and other precious metals sold or loaned to the purchaser

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Archive: Last Bill Status - In Assembly Committee

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2015-A711 (ACTIVE) - Details

Current Committee:
Assembly Economic Development
Law Section:
General Business Law
Laws Affected:
Add ยง397-b, Gen Bus L
Versions Introduced in Other Legislative Sessions:
2011-2012: A8824
2013-2014: A223
2017-2018: A3487
2019-2020: A1955

2015-A711 (ACTIVE) - Summary

Requires retailers to photograph customers with jewelry and other precious metals sold or loaned to the retailer and requires such retailers to keep such items for a period of ten days from the date of purchase.

2015-A711 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   711

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             January 7, 2015
                               ___________

Introduced by M. of A. MILLER, GOODELL -- Multi-Sponsored by -- M. of A.
  RYAN  --  read once and referred to the Committee on Economic Develop-
  ment

AN ACT to amend the general  business  law,  in  relation  to  requiring
  retail purchasers to photograph jewelry purchased from customers

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The general business law is amended by adding a new section
397-b to read as follows:
  S 397-B. RETAIL PURCHASERS REQUIRED TO  DOCUMENT  GOLD  PURCHASES.  1.
ANY  PERSON, CORPORATION, PARTNERSHIP OR FIRM PURCHASING JEWELRY, WATCH-
ES, PRECIOUS STONES, PRECIOUS METALS OR COINS  AT  RETAIL,  INCLUDING  A
COLLATERAL  LOAN BROKER, SHALL PHOTOGRAPH THE SELLER WITH THE ITEMS SOLD
OR LOANED TO THE PURCHASER AND STORE THE PHOTOGRAPH  ON  THEIR  PREMISES
AND OPEN FOR INSPECTION FOR A PERIOD OF NOT LESS THAN SIX MONTHS.
  2.  ANY  SUCH  PERSON,  CORPORATION, PARTNERSHIP OR FIRM PURCHASING OR
ACCEPTING ON LOAN  SUCH  JEWELRY,  WATCHES,  PRECIOUS  STONES,  PRECIOUS
METALS  OR  COINS  AT RETAIL, SHALL, AT A MINIMUM, KEEP SUCH ITEMS FOR A
PERIOD OF NOT LESS THAN TEN DAYS FROM THE DATE OF SUCH PURCHASE OR LOAN.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02705-01-5

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