A00711 Summary:

BILL NO    A00711 

SAME AS    No Same as 

SPONSOR    Miller

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
01/06/2016 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:

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 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 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.
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A00711 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                           711
 
                               2015-2016 Regular Sessions
 
                   IN ASSEMBLY
 
                                     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    § 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.
                                                                   LBD02705-01-5
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