New York S 554: Provides for statewide video arraignments; repealer

Bill Text

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S00554 Summary:

BILL NOS00554 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORLIU

&nbsp

COSPNSR

&nbsp

MLTSPNSR

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Add Art 5-B §§57 - 57-c, Gen Bus L

&nbsp

Relates to recordkeeping requirements for second-hand dealers and pawnbrokers.

Go to top S00554 Actions:

BILL NOS00554 

&nbsp

01/08/2025REFERRED TO CONSUMER PROTECTION

01/07/2026REFERRED TO CONSUMER PROTECTION

Go to topS00554 Committee&nbspVotes:

Go to topS00554 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS00554 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 554

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sen. LIU -- read twice and ordered printed, and when
 printed to be committed to the Committee on Consumer Protection

 AN ACT to amend the general business law, in relation to recordkeeping
 requirements for second-hand dealers and pawnbrokers

 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 article
 2 5-B to read as follows:
 3 ARTICLE 5-B
 4 RECORDKEEPING REQUIREMENTS FOR SECOND-HAND DEALERS
 5 AND PAWNBROKERS
 6 Section 57. Reports to the secretary of state.
 7 57-a. Record of purchases and sales.
 8 57-b. Electronic reporting to the secretary of state.
 9 57-c. Penalties.
 10 § 57. Reports to the secretary of state. Every dealer in second-hand
 11 articles who deals in the purchase or sale of any second-hand manufac-
 12 tured article comprised wholly or in part of gold, silver, platinum, or
 13 other precious metals, or deals in the purchase or sale of any old gold,
 14 silver, platinum or other precious metals, or deals in the purchase of
 15 articles or things comprised of gold, silver, platinum or other precious
 16 metals for the purpose of melting or refining, or deals in the purchase
 17 or sale of used electrical appliances excluding kitchen appliances, or
 18 deals in the purchase or sale of any used electronic equipment, comput-
 19 ers or component parts of electronic equipment or computers, shall make
 20 available to the secretary of state the records required to be kept
 21 pursuant to subdivisions one and two of section fifty-seven-a of this
 22 article with respect to such transactions in a manner specified by the
 23 secretary of state for the New York state department of state by rule
 24 and regulation, which may include the real-time sharing or accessing of

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02432-01-5

 S. 554 2

 1 such records in an electronic format and/or through use of an internet
 2 website designated by the secretary of state.
 3 § 57-a. Record of purchases and sales. 1. Every dealer in second-hand
 4 articles who deals in the purchase or sale of any second-hand manufac-
 5 tured article composed wholly or in part of gold, silver, platinum, or
 6 other precious metals, or deals in the purchase or sale of any old gold,
 7 silver, platinum or other precious metals, or deals in the purchase of
 8 articles or things comprised of gold, silver, platinum or other precious
 9 metals for the purpose of melting or refining, or deals in the purchase
 10 or sale of used electrical appliances excluding kitchen appliances, or
 11 deals in the purchase or sale of any used electronic equipment, comput-
 12 ers or component parts of electronic equipment or computers, shall with
 13 respect to such transactions create an electronic record in English, in
 14 a manner to be specified by the secretary of state for the New York
 15 state department of state by rule or regulation. Such electronic record
 16 may include the real-time sharing or accessing of such records in an
 17 electronic format and/or through use of an internet website designated
 18 by the secretary of state for the New York state department of state.
 19 Such electronic record shall be retained for a minimum period of six
 20 years from the date of purchase or sale. Such electronic record may, in
 21 the discretion of the secretary of state and in furtherance of the
 22 purposes of this article and any other applicable law or rules regulat-
 23 ing the activities