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What is NYC RCNY § 21-03?

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(a) In addition to the physical records of transactions required to be created and maintained pursuant to the provisions of the New York City Administrative Code and the New York State General Business Law, pawnbrokers are required to create an electronic record of each transaction at the time such transaction takes pl

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§ 21-03 Pawnbrokers Required to Create and Upload Electronic Records.

RCNY § 21-03

(a)In addition to the physical records of transactions required to be created and maintained pursuant to the provisions of the New York City Administrative Code and the New York State General Business Law, pawnbrokers are required to create an electronic record of each transaction at the time such transaction takes place. The electronic record must be uploaded immediately, or on a daily basis no later than midnight of the day of such transaction, to a web-based electronic data transfer service designated by the Police Commissioner.

(b)The electronic records to be created and uploaded must include the following information: (i) the date, time, location and type of transaction; (ii) the serial number pre-printed on the physical record of such transaction; (iii) an accurate description of each article pawned or pledged, including type of article, manufacturer, make, model, serial number, IMEI number, inscriptions and distinguishing marks; (iv) an accurate description of each article purchased or sold, including type of article, manufacturer, make, model, serial number, IMEI number, inscriptions and distinguishing marks; and (v) one or more digital photographs reasonably capturing the likeness of each subject article, including any serial numbers or other identifying markings which are visible. Such photograph(s) must be created in a jpeg format.

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