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History
- Referred to consumer protection
- Referred to consumer protection
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Requires the registration of mail-in second-hand precious metals dealers with the department of state, regulates the conduct of the business thereof
In Assembly Committee · Codes · Sponsor Karim Camara
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S1097
Title of bill
An act to amend the general business law, in relation to mail-in second-hand precious metals dealers
The purpose of this bill is to require the registration of mail-in second-hand precious metals dealers with the department of state, and regulate the conduct of the business thereof.
Summary of specific provision
Section 220: definitions.
Section 221: application of the article.
Section 222: provides that no mail-in second-hand precious metal dealer shall conduct business unless it is registered with the department of state. No mail-in second-hand metals dealer shall remit payment to a seller unless seller has provided: (a) the seller's name, address, telephone number and electronic mail address, if available; (b) the seller's drivers license number and issuing state, or any other government issued identification number; and (c) a sworn statement made by the seller that the driver's license number or other government issued identification number provided by the seller is true and accurate, and that the seller is the true and lawful owner of the goods sold.
Section 223: Methods to tender payment shall be by check or money order.
Section 224: Every dealer shall allow law enforcement to inspect the premises.
Section 225: provides that the dealer shall not sell, barter, exchange, alter, adulterate, use or in any manner dispose of goods purchased within 10 days for the date of payment for such goods.
Section 226: provides for penalties to any person acting as a mail-in second-hand precious metals dealer who is not registered as such with the department or any mail-in second-hand precious metals dealer which violates any provision of this article shall be guilty of a class E felony and shall be prohibited from acting as a mail-in second-hand precious metals dealer for not less than one year. Any seller who knowingly provides false information to a mail-in
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.