New York S06444 amends the general business law to establish electronic recordkeeping requirements for second-hand dealers and pawnbrokers.

New York S06444 amends the general business law to establish electronic recordkeeping requirements for second-hand dealers and pawnbrokers. It mandates that second-hand dealers and pawnbrokers create electronic records for transactions involving precious metals, used electronic equipment, and other specified items. These records must include details such as the date, time, location, and type of transaction, identifying information of the individuals involved, and descriptions of the items. The records must be retained for at least six years and made available to the Secretary of State.

New York S06444 amends the general business law to establish electronic recordkeeping requirements for second-hand dealers and pawnbrokers.

New York S06444 amends the general business law to establish electronic recordkeeping requirements for second-hand dealers and pawnbrokers. It mandates that second-hand dealers and pawnbrokers create electronic records for transactions involving precious metals, used electronic equipment, and other specified items. These records must include details such as the date, time, location, and type of transaction, identifying information of the individuals involved, and descriptions of the items. The records must be retained for at least six years and made available to the Secretary of State.