NY S06388

Requires pledgors (pawn customers) to provide an email address or phone number to collateral loan brokers when tendering a pledge for electronic notice purposes

Mandates two electronic notices before selling unredeemed pledges: first notice at least 30 days before sale, second notice at least 15 days before sale

Allows pledgors to opt for traditional U.S. postal mail notification instead of electronic notice at the time of pledging

Requires collateral loan brokers to retain copies of all sale intention notices for at least six years

Extends electronic notification requirements to surplus money notices after sales, requiring transmission via the same electronic method used for sale notices

Takes effect 180 days after becoming law, with immediate authorization for regulatory implementation