Senate Bill S2218

2017-2018 Legislative Session

Requires the registration of mail-in second-hand precious metals dealers with the department of state, regulates the conduct of the business thereof

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Consumer Protection Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2017-S2218 (ACTIVE) - Details

Current Committee:
Senate Consumer Protection
Law Section:
General Business Law
Laws Affected:
Add Art 12-C §§220 - 227, Gen Bus L
Versions Introduced in Other Legislative Sessions:
2009-2010: S7032
2011-2012: S1097
2013-2014: S2632
2015-2016: S2637
2019-2020: S4295
2021-2022: S4758
2023-2024: S5689

2017-S2218 (ACTIVE) - Summary

Requires the registration of mail-in second-hand precious metals dealers with the department of state and regulates the conduct of the business thereof.

2017-S2218 (ACTIVE) - Sponsor Memo

2017-S2218 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2218
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 12, 2017
                                ___________
 
 Introduced  by  Sen.  PARKER -- 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  mail-in
   second-hand precious metals dealers
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The general business law is amended by adding a new article
 12-C to read as follows:
                                ARTICLE 12-C
                       MAIL-IN SECOND-HAND PRECIOUS
                              METALS DEALERS
 SECTION 220. DEFINITIONS.
         221. APPLICATION OF ARTICLE.
         222. REGISTRATION, TRANSACTION AND RECORDKEEPING.
         223. TENDERING PAYMENT.
         224. INSPECTION OF RECORDS AND PREMISES.
         225. HOLDING PERIOD.
         226. PENALTIES.
         227. POWERS OF THE DEPARTMENT.
   § 220. DEFINITIONS. AS USED IN THIS ARTICLE:
   1. "DEPARTMENT" MEANS THE DEPARTMENT OF STATE.
   2. "JEWELRY" MEANS A PERSONAL ORNAMENT THAT CONTAINS A PRECIOUS  METAL
 AND MAY CONTAIN A GEMSTONE OR GEMSTONES.
   3.  "MAIL-IN  SECOND-HAND  PRECIOUS METALS DEALER" MEANS ANY PERSON OR
 ENTITY THAT:
   (A) CONDUCTS BUSINESS WITHIN THIS STATE,  THAT  CONTRACTS  WITH  OTHER
 PERSONS  OR ENTITIES TO BUY PRECIOUS METALS OR JEWELRY THROUGH AN INTER-
 NET WEBSITE, THE UNITED STATES MAIL OR TELEMARKETING; OR
   (B) CONDUCTS BUSINESS WITHIN THIS STATE, THAT REGULARLY ENGAGES IN THE
 BUSINESS OF PURCHASING JEWELRY OR PRECIOUS  METALS  THROUGH  THE  UNITED
 STATES MAIL OR INTERNET BASED TRANSACTIONS.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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