Singapore legislation
Clause 49
Clause 49
Pawn ticket to be issued
(1)
A pawnbroker must not take goods in pawn unless the pawnbroker issues to the pawner a pawn ticket in accordance with this section.
(2)
A pawn ticket must be marked with a unique identification number, and must contain such particulars in such format as may be prescribed.
(3)
The pawner must sign a copy of the pawn ticket.
(4)
The pawnbroker must keep a signed copy of the pawn ticket.
(5)
A loan agreement is voidable at the instance of the pawner unless subsections (1), (2), (3) and (4) are fully complied with.