This bill establishes new regulations for secondhand dealers who engage in the buying and selling of cellular telephones and wireless communication devices. It defines a "secondhand dealer" and clarifies that this term includes automated kiosks that purchase secondhand property. The bill mandates that secondhand dealers document specific details about each transaction, including a device identifier, and maintain records for one year. Additionally, it requires that sellers provide two forms of identification, one of which must be photographic, and outlines the necessary documentation to be collected during the transaction.

The bill also imposes penalties for violations, with fines increasing for repeat offenses, and specifies that violations will not be classified as unlawful practices under existing consumer protection laws. Furthermore, it grants the Director of the Division of Consumer Affairs the authority to create rules and regulations to implement the provisions of the act. Overall, the legislation aims to enhance accountability and reduce fraudulent activities in the secondhand market for wireless devices.