A00711 Summary:

BILL NO    A00711 

SAME AS    No same as 

SPONSOR    Miller (MS)

COSPNSR    Goodell

MLTSPNSR   Ryan

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.
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A00711 Actions:

BILL NO    A00711 

01/07/2015 referred to economic development
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A00711 Votes:

There are no votes for this bill in this legislative session.
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A00711 Memo:

BILL NUMBER:A711

TITLE OF BILL:  An act to amend the general business law, in relation
to requiring retail purchasers to photograph jewelry purchased from
customers

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 photograph 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.
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A00711 Text:

                           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:

    1    Section 1. The general business law is amended by adding a new section
    2  397-b to read as follows:
    3    S 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    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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