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Contents

Long Title

Pawnbrokers

Licences

General obligations of pawnbroker

Pawning, redemption and sale

Delivery up of pledge

General restrictions on pawnbroker

Unlawful pawning and taking in pawn

Penalties and police regulations

Rules

FIRST SCHEDULE

SECOND SCHEDULE Profit and Charges Allowed to Pawnbrokers

Legislative History

 
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On 26/05/2013, you requested for the version in force on 26/05/2013 incorporating all amendments published on or before 26/05/2013. The closest version currently available is that of 01/03/2007.
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General obligations of pawnbroker
Description of articles pawned, etc., to be entered in book
14.
—(1)  Every pawnbroker shall —
(a)
keep and use in his business such books and documents as are prescribed, and shall enter therein in a clear and legible hand, in such style of character, language or dialect as the Minister directs, the particulars required by rules, and shall make all inquiries necessary for that purpose;
Signboards
(b)
always exhibit at or over the outer door of his shop a signboard of such size and in such position as the Registrar directs having printed thereon, in the English, Malay, Chinese and Tamil languages, the words “Pawnbroker’s Shop”; and
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Copy of rates to be exhibited
(c)
exhibit in some convenient place in the shop, so as to be near to and visible to all comers, a legible copy of the rates of profit he may lawfully take under this Act, and also the same information in the English, Malay, Chinese and Tamil languages as is by rules required to be printed on pawn tickets.
(1A)  Every pawnbroker shall retain the books and documents referred to in subsection (1)(a) for a period of not less than 5 years from the prescribed time (whether before, on or after the commencement of this subsection).
(2)  Every pawnbroker shall make such monthly returns as may be prescribed by rules made under section 50.
Penalty
(3)  Any pawnbroker who fails in any respect to comply with this section shall be guilty of an offence.
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