BILL NO A00711
SAME AS No Same as
Add S397-b, Gen Bus L
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.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A711
SPONSOR: Miller (MS)
TITLE OF BILL: An act to amend the general business law, in relation
to requiring retail purchasers to photograph jewelry purchased from
PURPOSE OR GENERAL IDEA OF BILL: Requires businesses, or other
purchasers of gold and jewelry, to photograph the individual seller and
the piece of property being sold.
SUMMARY OF SPECIFIC PROVISIONS: Section 1. The general business law is
amended by adding a new section 397-b
JUSTIFICATION: Within the last decade there has been an increase in
the amount of businesses that engage in the process of purchasing and
selling gold and other valuable jewelry. As expected with any economic
downturn, pawn shops and gold stores begin to pop up. Even barber shops
are buying and selling gold. While this practice is an easy way for
those struggling to make a few extra dollars, it also is an easy way for
thieves to earn a good pay. Currently, anyone could steal a valuable
piece of jewelry, go to the nearest gold store, sell the property, and
there is no way to track the jewelry or the thief. This bill would
require any business purchasing gold or other valuable jewelry to photo-
graph the individual and the piece being sold, as to create a paper
trail for police to follow in the event of a theft.
PRIOR LEGISLATIVE HISTORY: None FISCAL IMPLICATIONS: None
EFFECTIVE DATE: This act shall take effect immediately.
STATE OF NEW YORK
2015-2016 Regular Sessions
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-
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:
1 Section 1. The general business law is amended by adding a new section
2 397-b to read as follows:
3 § 397-b. Retail purchasers required to document gold purchases. 1.
4 Any person, corporation, partnership or firm purchasing jewelry, watch-
5 es, precious stones, precious metals or coins at retail, including a
6 collateral loan broker, shall photograph the seller with the items sold
7 or loaned to the purchaser and store the photograph on their premises
8 and open for inspection for a period of not less than six months.
9 2. Any such person, corporation, partnership or firm purchasing or
10 accepting on loan such jewelry, watches, precious stones, precious
11 metals or coins at retail, shall, at a minimum, keep such items for a
12 period of not less than ten days from the date of such purchase or loan.
13 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 is old law to be omitted.