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.
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
