In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Pawnbrokers Act 2015 · 2020 Revised Edition · Part 3 · Rights and Obligations When Goods Are Pawned
55. Extension of redemption period
Feedback & support(1)
The redemption period may be extended for one or more times by agreement between the pawnbroker and a person entitled to redeem the pledge.
pawnbroker
Defined · s 3
“pawnbroker” means a person who carries on a business of lending money on the security of pledges;
(2)
The redemption period may be extended even after it has expired.
(3)
Section 51 applies to every extension of the redemption period under this section.