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

S 4133 requires mail-in second-hand precious metals dealers (those buying via internet, mail, or phone) to register with the New York State Department of State. It mandates dealers to collect sellers' ID and sworn ownership statements, maintain detailed transaction records for two years, report information to law enforcement within 24 hours, and hold purchased items for 10 days before resale. The bill directly affects online dealers and sellers of gold, silver, or platinum jewelry through mail-in transactions, excluding walk-in stores or dealer-to-dealer trades. Violations carry penalties including class E or D felonies.