New York S04133 mandates registration of mail-in second-hand precious metals dealers with the state, and regulates their business conduct.

New York S04133 introduces regulations for mail-in second-hand precious metals dealers, requiring them to register with the Department of State. The bill defines terms such as "precious metal" and "seller," and outlines requirements for registration, transaction, and recordkeeping. Dealers must maintain records for two years and provide information to law enforcement upon request. The bill also mandates a holding period before selling purchased goods and specifies penalties for violations. The Department of State is tasked with promulgating necessary rules and regulations.

New York S04133 mandates registration of mail-in second-hand precious metals dealers with the state, and regulates their business conduct.

New York S04133 introduces regulations for mail-in second-hand precious metals dealers, requiring them to register with the Department of State. The bill defines terms such as "precious metal" and "seller," and outlines requirements for registration, transaction, and recordkeeping. Dealers must maintain records for two years and provide information to law enforcement upon request. The bill also mandates a holding period before selling purchased goods and specifies penalties for violations. The Department of State is tasked with promulgating necessary rules and regulations.