N.Y. General Business Law § 49: Notice of such sale; report

§ 49. Notice of such sale; report. 1. No pledge shall be sold unless

written or printed notice of intention to sell with a statement of the

article or articles to be sold has been first mailed by letter addressed

to the pledgor at the address given at the time of pledging at least

thirty days prior to the date of sale. If the sale shall be by public

auction, then notice of every such sale shall be published for at least

six days previous thereto, in at least two of the daily newspapers

printed in the city where the business shall be carried on, and also in

two daily newspapers of the city where the sale is to take place and to

be designated by said mayor, and such notice shall specify the time and

place at which such sale is to take place and the name of the

auctioneers by whom the same is to be conducted together with a

statement of the class of pledges to be sold and the inclusive dates and

numbers of the pawn tickets of the pledges to be sold. If the pledge, at

such sale, shall be purchased back by the collateral loan broker, the

pledgor shall be entitled to redeem same within ten days thereafter by

tendering to the collateral loan broker the amount of the loan with the

interest due thereon, the amount of the auctioneer's lawful commission,

lawful extra care charges, and the expense of the advertisement of the

sale.

2. Any collateral loan broker who sells defaulted pledges at public

auction, pursuant to this article, shall file with the office of the

local governing body issuing such license within thirty days after such

sale, a verified report setting forth the name and address of the

collateral loan broker, the date when and place where such sale was

held, the name and address of the auctioneer that conducted such sale

and shall include a schedule of each of the defaulted pledges offered at

such sale, together with their pledge numbers, the amount received for

each pledge and a statement that each of the pledges so listed were

delivered over to the auctioneer and actually offered for sale at such

auction, and in the event the collateral loan broker, during the course

of such sale purchases back any such pledge, a statement setting forth

which pledges were purchased back by the collateral loan broker. An

affidavit of publication made by the newspaper in which the notice of

each such sale was published, as provided by section fifty of this

article, shall be annexed to every report filed pursuant to the

provisions of this section.