Senate Bill S5878

2021-2022 Legislative Session

Relates to recordkeeping requirements for second-hand dealers, scrap processors and pawnbrokers

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Consumer Protection Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2021-S5878 (ACTIVE) - Details

See Assembly Version of this Bill:
A653
Current Committee:
Senate Consumer Protection
Law Section:
General Business Law
Laws Affected:
Add Art 5-B §§57 - 57-c, Gen Bus L
Versions Introduced in Other Legislative Sessions:
2013-2014: A7604
2015-2016: A662
2017-2018: A307
2019-2020: S2499, A454
2023-2024: S2204

2021-S5878 (ACTIVE) - Summary

Relates to recordkeeping requirements for second-hand dealers, scrap processors and pawnbrokers.

2021-S5878 (ACTIVE) - Sponsor Memo

2021-S5878 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5878
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                              March 19, 2021
                                ___________
 
 Introduced  by  Sen.  LIU  --  read  twice and ordered printed, and when
   printed to be committed to the Committee on Consumer Protection
 
 AN ACT to amend the general business law, in relation  to  recordkeeping
   requirements for second-hand dealers and pawnbrokers
 
   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 article
 5-B to read as follows:
                                ARTICLE 5-B
            RECORDKEEPING REQUIREMENTS FOR SECOND-HAND DEALERS
                              AND PAWNBROKERS
 SECTION 57.   REPORTS TO THE SECRETARY OF STATE.
         57-A. RECORD OF PURCHASES AND SALES.
         57-B. ELECTRONIC REPORTING TO THE SECRETARY OF STATE.
         57-C. PENALTIES.
   § 57. REPORTS TO THE SECRETARY OF STATE.  EVERY DEALER IN  SECOND-HAND
 ARTICLES  WHO  DEALS IN THE PURCHASE OR SALE OF ANY SECOND-HAND MANUFAC-
 TURED ARTICLE COMPRISED WHOLLY OR IN PART OF GOLD, SILVER, PLATINUM,  OR
 OTHER PRECIOUS METALS, OR DEALS IN THE PURCHASE OR SALE OF ANY OLD GOLD,
 SILVER,  PLATINUM  OR OTHER PRECIOUS METALS, OR DEALS IN THE PURCHASE OF
 ARTICLES OR THINGS COMPRISED OF GOLD, SILVER, PLATINUM OR OTHER PRECIOUS
 METALS FOR THE PURPOSE OF MELTING OR REFINING, OR DEALS IN THE  PURCHASE
 OR  SALE  OF USED ELECTRICAL APPLIANCES EXCLUDING KITCHEN APPLIANCES, OR
 DEALS IN THE PURCHASE OR SALE OF ANY USED ELECTRONIC EQUIPMENT,  COMPUT-
 ERS  OR COMPONENT PARTS OF ELECTRONIC EQUIPMENT OR COMPUTERS, SHALL MAKE
 AVAILABLE TO THE SECRETARY OF STATE THE  RECORDS  REQUIRED  TO  BE  KEPT
 PURSUANT  TO  SUBDIVISIONS  ONE AND TWO OF SECTION FIFTY-SEVEN-A OF THIS
 ARTICLE WITH RESPECT TO SUCH TRANSACTIONS IN A MANNER SPECIFIED  BY  THE
 SECRETARY  OF  STATE  FOR THE NEW YORK STATE DEPARTMENT OF STATE BY RULE
 AND REGULATION, WHICH MAY INCLUDE THE REAL-TIME SHARING OR ACCESSING  OF
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03475-01-1
              

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