Senate Bill S1097

2011-2012 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2011-S1097 (ACTIVE) - Details

See Assembly Version of this Bill:
A4123
Current Committee:
Senate Consumer Protection
Law Section:
General Business Law
Laws Affected:
Add Art 12-C ยงยง220 - 227, Gen Bus L
Versions Introduced in Other Legislative Sessions:
2009-2010: S7032, A10004
2013-2014: S2632, A3645
2015-2016: S2637
2017-2018: S2218
2019-2020: S4295
2021-2022: S4758
2023-2024: S5689

2011-S1097 (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.

2011-S1097 (ACTIVE) - Sponsor Memo

2011-S1097 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1097

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             January 5, 2011
                               ___________

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.
  S 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.
                                                           LBD01609-01-1
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.