Singapore legislation
Clause 66
Clause 66
Protection of person entitled to redeem pledge but not having pawn ticket
(1)
This section seeks to protect a person who is entitled to redeem a pledge but does not have a pawn ticket.
(2)
A person who claims to be entitled to redeem a pledge, but who does not have a pawn ticket, may make an application to a pawnbroker in accordance with this section.
(3)
An application under this section must state —
the identification information of the applicant;
the grounds on which the applicant claims to be entitled to redeem a pledge;
such matters as the applicant relies on in support of paragraph (b);
that the applicant has not assigned or otherwise transferred the applicant’s right to redeem the pledge; and
such other matters as may be prescribed.
(4)
Upon receiving an application under this section and the prescribed fee, the pawnbroker must make reasonable inquiries as to the truth of the matters stated in the application, including inquiries with the pawner.
(5)
After a pawnbroker has made reasonable inquiries under subsection (4), the pawnbroker must issue a replacement pawn ticket to the applicant and cancel the existing pawn ticket, unless the pawnbroker knows or has any reason to believe that the applicant is not entitled to redeem the pledge.
(6)
An applicant who has been issued a pawn ticket under subsection (5) has such rights and remedies against the pawnbroker as the pawner would have, and may freely assign or otherwise transfer the pawn ticket.
(7)
A pawnbroker which, in relation to a pledge, does or omits to do anything in accordance with this section is not liable to any person entitled to redeem the pledge for any loss or damage caused by such act or omission.
(8)
An application under this section is deemed to be a declaration for the purposes of sections 199 and 200 of the Penal Code (Cap. 224).