Singapore legislation

Section 13

of Pawnbrokers Act

Section 13

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

Amended by21/9321/9321/9321/93

(1)

Upon the expiration, cancellation or determination of any licence, the Registrar may, if he thinks fit in the interest of pawners, order the pawnbroker to deliver up to any police officer or any officer named in the order all pledges and books and accounts kept by him in connection with the business of pawnbroking.

Amended by21/93

(2)

Any officer referred to in subsection (1) may at any time enter any shop or premises of the pawnbroker and take possession of all pledges, books and accounts and remove them to such place as the Registrar may determine.

Amended by21/93

(3)

The Registrar shall make arrangements for any pledge taken under subsection (2) to be redeemed or, if the period of redemption of the pledge has expired, for the sale of the pledge and the payment of the surplus thereof in the like manner as if the pledge were held by the pawnbroker.

Amended by21/93

(4)

Upon the redemption or the sale of the unredeemed pledges under subsection (3), the Registrar shall, upon payment by the pawnbroker of all expenses incurred by him, hand over to the pawnbroker an account of all sums received from the pawners as payment of moneys borrowed, including interest thereon, and all books and accounts taken under subsection (2).[12A

Amended by21/93