Summer Meeting August 16

To all Licensed New York Pawnbrokers Join us for a night of information and networking at CLANY’s annual summer meeting. We will be updating everyone on the newly implemented LEADS ONLINE law and CLANY’s fight to protect your rights to privacy. Also on the agenda the Federal Military Lending Law (MLA) what you need to know to stay out of Federal Prison! RSVP clany1942@gmail.com or call 718-295-8900 ask for Jason W. The meeting will be held on August 16 at Connolly’s Restaurant 14 E 47 Street NYC starting at 7:00 pm. Summer BBQ style food will be served and best part it ias all free! No charge to attend this not to be missed event.

Pawnbroker State Law PDF

Please review the PDF for all rules and regulations for a pawnbroker.To see the full laws and download the PDF. Please review the PDF to see and comply with all laws laws required in the state of New York. We will keep you up to date on the latest laws for all Pawnbrokers in the New York State arrea

pawnbroker_statelaw_law_rules
Pawnbrokers

Great News! Pawnbrokers can be licensed to buy Gold

The following amended section 47 allows Collateral Loan Brokers to buy and sell second-hand merchandise with some restriction please read carefully.

 

§ 47. Second-hand business. A collateral loan broker may purchase\r\n items of personal property in accordance with this section, provided\r\n however that a collateral loan broker shall not receive in pawn, as a\r\n pledge or as a purchase any instrument or weapon mentioned in section\r\n 265.05 of the penal law. A collateral loan broker may purchase back any\r\n pledge offered for sale by him or her at public auction and may\r\n thereafter sell such pledge if the pledgor fails to redeem within ten\r\n days or may purchase any pledge offered for sale by any other collateral\r\n loan broker at private sale or public auction. Nothing in this article\r\n shall prohibit a collateral loan broker from purchasing a pawn ticket\r\n from a pledgor, his or her heirs or assigns upon the request of such\r\n pledgor, heir or assign, ninety or more days after the item was pawned.\r\n If the pawn ticket is sold to a collateral loan broker the pledgor, his\r\n or her heirs or assigns shall be entitled to redeem said ticket within\r\n ten days thereafter by tendering to the collateral loan broker the\r\n amount paid by the collateral loan broker for the ticket. Nothing shall\r\n prohibit the sale of new or second-hand property upon the premises where\r\n such collateral loan business is conducted, nor the purchase of new or\r\n second-hand property, except as otherwise expressly prohibited herein. A\r\n person selling any item to a collateral loan broker, upon the premises\r\n of a collateral loan broker, may cancel the transaction within five\r\n business days, provided that the seller tenders the full purchase price,\r\n together with a cancellation fee not to exceed ten dollars for sales\r\n equal to or greater than five hundred dollars, seven dollars for sales\r\n equal to or greater than one hundred dollars but less than five hundred\r\n dollars, or four dollars for sales less than one hundred dollars. A\r\n person selling jewelry, watches, precious stones, precious metals or\r\n coins to a collateral loan broker shall be afforded the option of\r\n converting the sale to a loan, provided the option is exercised within\r\n fourteen days from the date of the sale (the loan shall be in the\r\n principal amount of not less than eighty percent of the sale price).

 

A collateral loan broker engaged in the purchase or sale of\r\n second-hand articles, other than pledges or pawn tickets, shall comply\r\n with local laws or regulations governing dealers in second-hand\r\n articles. A collateral loan broker engaged in the purchase of\r\n second-hand articles shall provide the seller a receipt setting forth\r\n the item or items purchased and the purchase price for each item.\r\n Additionally, the receipt shall include a notice advising the seller of\r\n the option to cancel the transaction within five business days or\r\n convert the sale of jewelry, watches, precious stones, precious metals\r\n and coins to a loan within fourteen days of the sale in accordance with\r\n this section.

 

A collateral loan broker purchasing articles from the general public\r\n shall display in a conspicuous place, in his or her shop, a sign\r\n stating:

 

” PURSUANT TO ARTICLE 5 OF THE NEW YORK STATE GENERAL BUSINESS LAW A\r\n COLLATERAL LOAN BROKER IS AUTHORIZED TO PROVIDE LOANS ON ITEMS PLEDGED\r\n OR PURCHASE ITEMS OFFERED FOR SALE. YOU HAVE THE RIGHT TO USE AN ITEM AS\r\n COLLATERAL FOR A LOAN OR SELL THE ITEM IN ACCORDANCE WITH STATE AND\r\n LOCAL LAW. ALL SALES MAY BE CANCELLED WITHIN FIVE BUSINESS DAYS IN\r\n ACCORDANCE WITH SAID ARTICLE 5. A SALE OF JEWELRY, WATCHES, PRECIOUS\r\n STONES, PRECIOUS METALS OR COINS CAN BE CONVERTED TO A LOAN WITHIN 14\r\n DAYS FROM THE DATE OF THE SALE.”

 

Such sign shall be made of a durable material, with letters being at\r\n least one inch high and have a stroke of at least one-quarter inch. The\r\n letters and background shall be of contrasting colors.

News Example I

Collateral Loanbrokers Association of New York (CLANY) was founded in 1902 to support the responsible pawnbrokers in the state of New York.
Currently 35 members represent reliable and trustworthy pawnbrokers who help small business owner in New York State. Here is a brief timeline on how CLANY worked with the State of New York for the rights of Pawnbrokers across the region.

National Example I

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas dapibus massa vel sapien pellentesque faucibus. Nulla nisl nunc, tempus et diam vel, ornare egestas erat. Donec et nisi a felis egestas egestas et eu lectus. Sed pretium est quam, tempus congue turpis lobortis nec. Aliquam erat volutpat. Proin consectetur, eros nec tempor placerat, urna urna vestibulum eros, vitae mollis lorem erat et velit. Nam posuere mauris eu hendrerit tincidunt. Pellentesque at tellus lorem. Curabitur laoreet massa sed tellus molestie, eget viverra libero sodales. Sed gravida facilisis sapien, at ultricies felis sodales nec. Cras vitae lacinia libero. Sed porttitor ante libero, sed posuere lorem molestie ornare. Phasellus turpis arcu, laoreet sed nunc vehicula, bibendum tincidunt libero.

Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Duis quis arcu a est consequat condimentum in eu risus. Integer et semper nunc. Cras neque quam, luctus ut orci eu, convallis congue libero. Donec sit amet mauris efficitur, blandit sapien non, mollis dolor. Ut laoreet quam et augue condimentum placerat. Donec vulputate ipsum vitae nibh aliquam, vel iaculis mauris ornare. Suspendisse bibendum tellus in diam vehicula placerat. Proin ultrices gravida est, sed hendrerit ex ornare quis. Vestibulum elementum condimentum dolor, vitae ultricies leo lobortis non. Mauris gravida in ante non posuere. Aliquam malesuada vel odio eu cursus. In hac habitasse platea dictumst. Fusce sodales consequat nibh, eu dignissim lacus porta in. Interdum et malesuada fames ac ante ipsum primis in faucibus. Sed auctor ligula at luctus egestas.

 

 

Plan Summary

NYPD Example I

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas dapibus massa vel sapien pellentesque faucibus. Nulla nisl nunc, tempus et diam vel, ornare egestas erat. Donec et nisi a felis egestas egestas et eu lectus. Sed pretium est quam, tempus congue turpis lobortis nec. Aliquam erat volutpat. Proin consectetur, eros nec tempor placerat, urna urna vestibulum eros, vitae mollis lorem erat et velit. Nam posuere mauris eu hendrerit tincidunt. Pellentesque at tellus lorem. Curabitur laoreet massa sed tellus molestie, eget viverra libero sodales. Sed gravida facilisis sapien, at ultricies felis sodales nec. Cras vitae lacinia libero. Sed porttitor ante libero, sed posuere lorem molestie ornare. Phasellus turpis arcu, laoreet sed nunc vehicula, bibendum tincidunt libero.

Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Duis quis arcu a est consequat condimentum in eu risus. Integer et semper nunc. Cras neque quam, luctus ut orci eu, convallis congue libero. Donec sit amet mauris efficitur, blandit sapien non, mollis dolor. Ut laoreet quam et augue condimentum placerat. Donec vulputate ipsum vitae nibh aliquam, vel iaculis mauris ornare. Suspendisse bibendum tellus in diam vehicula placerat. Proin ultrices gravida est, sed hendrerit ex ornare quis. Vestibulum elementum condimentum dolor, vitae ultricies leo lobortis non. Mauris gravida in ante non posuere. Aliquam malesuada vel odio eu cursus. In hac habitasse platea dictumst. Fusce sodales consequat nibh, eu dignissim lacus porta in. Interdum et malesuada fames ac ante ipsum primis in faucibus. Sed auctor ligula at luctus egestas.

President Example I

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas dapibus massa vel sapien pellentesque faucibus. Nulla nisl nunc, tempus et diam vel, ornare egestas erat. Donec et nisi a felis egestas egestas et eu lectus. Sed pretium est quam, tempus congue turpis lobortis nec. Aliquam erat volutpat. Proin consectetur, eros nec tempor placerat, urna urna vestibulum eros, vitae mollis lorem erat et velit. Nam posuere mauris eu hendrerit tincidunt. Pellentesque at tellus lorem. Curabitur laoreet massa sed tellus molestie, eget viverra libero sodales. Sed gravida facilisis sapien, at ultricies felis sodales nec. Cras vitae lacinia libero. Sed porttitor ante libero, sed posuere lorem molestie ornare. Phasellus turpis arcu, laoreet sed nunc vehicula, bibendum tincidunt libero.

Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Duis quis arcu a est consequat condimentum in eu risus. Integer et semper nunc. Cras neque quam, luctus ut orci eu, convallis congue libero. Donec sit amet mauris efficitur, blandit sapien non, mollis dolor. Ut laoreet quam et augue condimentum placerat. Donec vulputate ipsum vitae nibh aliquam, vel iaculis mauris ornare. Suspendisse bibendum tellus in diam vehicula placerat. Proin ultrices gravida est, sed hendrerit ex ornare quis. Vestibulum elementum condimentum dolor, vitae ultricies leo lobortis non. Mauris gravida in ante non posuere. Aliquam malesuada vel odio eu cursus. In hac habitasse platea dictumst. Fusce sodales consequat nibh, eu dignissim lacus porta in. Interdum et malesuada fames ac ante ipsum primis in faucibus. Sed auctor ligula at luctus egestas.

Federal Law Example I

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas dapibus massa vel sapien pellentesque faucibus. Nulla nisl nunc, tempus et diam vel, ornare egestas erat. Donec et nisi a felis egestas egestas et eu lectus. Sed pretium est quam, tempus congue turpis lobortis nec. Aliquam erat volutpat. Proin consectetur, eros nec tempor placerat, urna urna vestibulum eros, vitae mollis lorem erat et velit. Nam posuere mauris eu hendrerit tincidunt. Pellentesque at tellus lorem. Curabitur laoreet massa sed tellus molestie, eget viverra libero sodales. Sed gravida facilisis sapien, at ultricies felis sodales nec. Cras vitae lacinia libero. Sed porttitor ante libero, sed posuere lorem molestie ornare. Phasellus turpis arcu, laoreet sed nunc vehicula, bibendum tincidunt libero.

Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Duis quis arcu a est consequat condimentum in eu risus. Integer et semper nunc. Cras neque quam, luctus ut orci eu, convallis congue libero. Donec sit amet mauris efficitur, blandit sapien non, mollis dolor. Ut laoreet quam et augue condimentum placerat. Donec vulputate ipsum vitae nibh aliquam, vel iaculis mauris ornare. Suspendisse bibendum tellus in diam vehicula placerat. Proin ultrices gravida est, sed hendrerit ex ornare quis. Vestibulum elementum condimentum dolor, vitae ultricies leo lobortis non. Mauris gravida in ante non posuere. Aliquam malesuada vel odio eu cursus. In hac habitasse platea dictumst. Fusce sodales consequat nibh, eu dignissim lacus porta in. Interdum et malesuada fames ac ante ipsum primis in faucibus. Sed auctor ligula at luctus egestas.

Aliquam aliquam tellus nec elit auctor pellentesque. In at dapibus velit. Mauris lacus nibh, vehicula ac vestibulum at, venenatis vel dui. Aliquam tempus eu sem quis venenatis. Aenean ut massa vel mauris tempus fermentum eget a libero. Fusce sit amet sem non ante vehicula elementum et in magna. Mauris pellentesque, felis id aliquam porttitor, sapien ligula cursus lacus, nec finibus massa sem sed est. Donec sit amet imperdiet tellus. Etiam eget eleifend sapien. Sed eros augue, dignissim id nibh et, suscipit imperdiet ex.

Nunc placerat felis ac lectus iaculis facilisis. In ultrices vel urna at sagittis. Nulla vestibulum laoreet neque, vel cursus nibh cursus at. Quisque nec ullamcorper dolor. Donec fermentum, lacus at semper efficitur, purus erat dignissim mi, nec vulputate ligula odio vitae enim. Duis consectetur magna tincidunt malesuada consectetur. Nulla congue viverra laoreet. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Morbi placerat faucibus enim. Cras ut ligula eu erat tristique placerat quis ac risus. Pellentesque sit amet eros diam. Nulla nec magna velit. Donec efficitur vehicula porttitor. Donec elementum orci lectus, vel vulputate ante egestas in.

Cras metus augue, dictum ut molestie vel, porta in felis. Sed a lobortis lacus. Vivamus ac diam malesuada, commodo lorem vel, sollicitudin diam. Etiam dignissim ipsum non vehicula vulputate. Donec sit amet tincidunt massa, in tempus sapien. Nullam vitae velit sit amet metus convallis hendrerit. Duis elit nunc, lobortis eu porttitor ac, congue ac risus. Suspendisse pulvinar lacinia suscipit. Vivamus enim lorem, faucibus ut est a, laoreet lobortis eros. Nullam pulvinar luctus velit non congue. Suspendisse quis rutrum enim. Cras finibus metus vel erat interdum fringilla. Sed consequat nibh vel felis efficitur vestibulum.

State Law Example I

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas dapibus massa vel sapien pellentesque faucibus. Nulla nisl nunc, tempus et diam vel, ornare egestas erat. Donec et nisi a felis egestas egestas et eu lectus. Sed pretium est quam, tempus congue turpis lobortis nec. Aliquam erat volutpat. Proin consectetur, eros nec tempor placerat, urna urna vestibulum eros, vitae mollis lorem erat et velit. Nam posuere mauris eu hendrerit tincidunt. Pellentesque at tellus lorem. Curabitur laoreet massa sed tellus molestie, eget viverra libero sodales. Sed gravida facilisis sapien, at ultricies felis sodales nec. Cras vitae lacinia libero. Sed porttitor ante libero, sed posuere lorem molestie ornare. Phasellus turpis arcu, laoreet sed nunc vehicula, bibendum tincidunt libero.

Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Duis quis arcu a est consequat condimentum in eu risus. Integer et semper nunc. Cras neque quam, luctus ut orci eu, convallis congue libero. Donec sit amet mauris efficitur, blandit sapien non, mollis dolor. Ut laoreet quam et augue condimentum placerat. Donec vulputate ipsum vitae nibh aliquam, vel iaculis mauris ornare. Suspendisse bibendum tellus in diam vehicula placerat. Proin ultrices gravida est, sed hendrerit ex ornare quis. Vestibulum elementum condimentum dolor, vitae ultricies leo lobortis non. Mauris gravida in ante non posuere. Aliquam malesuada vel odio eu cursus. In hac habitasse platea dictumst. Fusce sodales consequat nibh, eu dignissim lacus porta in. Interdum et malesuada fames ac ante ipsum primis in faucibus. Sed auctor ligula at luctus egestas.

Aliquam aliquam tellus nec elit auctor pellentesque. In at dapibus velit. Mauris lacus nibh, vehicula ac vestibulum at, venenatis vel dui. Aliquam tempus eu sem quis venenatis. Aenean ut massa vel mauris tempus fermentum eget a libero. Fusce sit amet sem non ante vehicula elementum et in magna. Mauris pellentesque, felis id aliquam porttitor, sapien ligula cursus lacus, nec finibus massa sem sed est. Donec sit amet imperdiet tellus. Etiam eget eleifend sapien. Sed eros augue, dignissim id nibh et, suscipit imperdiet ex.

Nunc placerat felis ac lectus iaculis facilisis. In ultrices vel urna at sagittis. Nulla vestibulum laoreet neque, vel cursus nibh cursus at. Quisque nec ullamcorper dolor. Donec fermentum, lacus at semper efficitur, purus erat dignissim mi, nec vulputate ligula odio vitae enim. Duis consectetur magna tincidunt malesuada consectetur. Nulla congue viverra laoreet. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Morbi placerat faucibus enim. Cras ut ligula eu erat tristique placerat quis ac risus. Pellentesque sit amet eros diam. Nulla nec magna velit. Donec efficitur vehicula porttitor. Donec elementum orci lectus, vel vulputate ante egestas in.

Cras metus augue, dictum ut molestie vel, porta in felis. Sed a lobortis lacus. Vivamus ac diam malesuada, commodo lorem vel, sollicitudin diam. Etiam dignissim ipsum non vehicula vulputate. Donec sit amet tincidunt massa, in tempus sapien. Nullam vitae velit sit amet metus convallis hendrerit. Duis elit nunc, lobortis eu porttitor ac, congue ac risus. Suspendisse pulvinar lacinia suscipit. Vivamus enim lorem, faucibus ut est a, laoreet lobortis eros. Nullam pulvinar luctus velit non congue. Suspendisse quis rutrum enim. Cras finibus metus vel erat interdum fringilla. Sed consequat nibh vel felis efficitur vestibulum.