Singapore Statutes Online - 222 - Pawnbrokers Act

Pawnbrokers Act
(CHAPTER 222)

1 Short title

2 Interpretation

Pawnbrokers

3 Persons to be deemed pawnbrokers

4 Application of this Act to executors, etc., of pawnbrokers

5 Act done by employee to be deemed act of pawnbroker

6 Extension of rights, etc., of pawners to their assigns, executors, etc.

7 Appointment of Registrar and Assistant Registrars

8 Grant of licences by Registrar

9 Conditions subject to which licences may be granted

10 Power of Registrar to cancel licence

11 Appeal to Minister

12 Pawnshop to keep open after expiration of licence for redemption of articles

13 Power of Registrar to order pawnbroker to deliver pledges, books and accounts on expiration of licence

General obligations of pawnbroker

14 Description of articles pawned, etc., to be entered in book

Pawning, redemption and sale

15 Pawnbroker to give pawn ticket

16 Profit and charges allowed to pawnbroker

17 Period of redemption of pledge

18 Forfeiture of pledge not exceeding $50 if not redeemed

19 Pledge exceeding $50 redeemable until sale

20 Sale by auction of pledge exceeding $50

21 Offences by auctioneer

22 Right of holder of pawn ticket to inspect sale book

23 Obligation of pawnbroker to account for surplus within 4 months subject to set-off

24 Disposal of unclaimed surplus

25 Offences as to pledge for sum exceeding $50

Delivery up of pledge

26 Right of holder of pawn ticket to redeem pledge

27 Production of pawn ticket on redemption

28 Liability of pawnbroker in case of fire or loss

29 Compensation for loss or depreciation of pledge

30 Protection of owner and of pawner not having pawn ticket

31 Delivery to owner of property unlawfully pawned

32 Summary order for delivery of pledge to person entitled

General restrictions on pawnbroker

33 Prohibition as to taking or purchasing of pledge in certain circumstances

Unlawful pawning and taking in pawn

34 Penalty for wrongfully pawning property of another

35 Offences relating to pawner not giving satisfactory account of himself, giving false information, etc.

36 Person in possession of pawn ticket presumed to have been in possession of article pawned

37 Duty of pawnbroker on offer of pledges or redemption under suspicious circumstances

38 Prohibition as to taking in pawn linen, apparel, unfinished goods, etc., in certain cases

39 Search warrant for linen, etc., unlawfully pawned

Penalties and police regulations

40 General penalty

41 Application of penalty

42 Penalty on common informer compounding information

43 Detention of person offering forged pawn ticket, etc.

44 Pawnbroker’s books subject to examination by police

45 Information to be given by police to pawnbrokers of lost and stolen property

46 Police officers may enter pawnshops, etc.

47 Police officers may arrest persons loitering about pawnshops under suspicious circumstances

48 Jurisdiction of Courts

49 Power to compound

50 Rules

FIRST SCHEDULE

SECOND SCHEDULE Profit and Charges Allowed to Pawnbrokers

Legislative History

Liability of pawnbroker in case of fire or loss

28. Where a pledge is destroyed or damaged by or in consequence of fire or lost, the pawnbroker shall nevertheless be liable, on application within the period during which the pledge would have been redeemable, to pay the value of the pledge after deducting the amount of the loan and profit, such value to be assumed to be one-half more than the amount of the loan.

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