What's happening
This bill requires retail buyers of jewelry, watches, precious stones, metals, or coins to photograph sellers with items sold and keep both the photos and the items for specified periods.
Why it matters
Aims to deter the resale of stolen goods. by requiring buyers to photograph sellers with the items, making it riskier for thieves to offload stolen property at jewelry and pawn shops.
Creates a paper (and photo) trail for law enforcement. , which could help investigators identify suspects and recover stolen property if a theft is reported after a sale.
Imposes new compliance and privacy responsibilities on businesses. , as they must securely store photos and items for set periods (photos: 6 months, items: 10 days) and be prepared for potential inspections.
May affect legitimate sellers’ experience. by requiring them to have their photo taken with their items, possibly raising concerns about privacy or discouraging some lawful transactions.
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Who cares
Headline styles
Photograph Jewelry Sellers Required
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to economic development
- Referred to economic development
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3487
2017-2018 Regular Sessions
IN ASSEMBLY
January 27, 2017
Introduced by M. of A. M. G. MILLER -- read once and referred to the Committee on Economic Development
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 Assembly, do enact as follows:
Section 1. The general business law is amended by adding a new section 397-b to read as follows:
§ 397-b. Retail purchasers required to document gold purchases. 1. Any person, corporation, partnership or firm purchasing jewelry, watches, precious stones, precious metals or coins at retail, including a collateral loan broker, shall photograph the seller with the items sold or loaned to the purchaser and store the photograph on their premises and open for inspection for a period of not less than six months.
2. Any such person, corporation, partnership or firm purchasing or accepting on loan such jewelry, watches, precious stones, precious metals or coins at retail, shall, at a minimum, keep such items for a period of not less than ten days from the date of such purchase or loan.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02717-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.