Pawnbrokers Act 2015 · 2020 Revised Edition · Part 3 · Rights and Obligations When Goods Are Pawned
57. Pawnbroker to allow redemption of pledge except in certain circumstances
Feedback & supportA pawnbroker must allow a person who has complied with section 56 to redeem a pledge, except in the circumstances in subsection (2).
pawnbroker
“pawnbroker” means a person who carries on a business of lending money on the security of pledges;
A pawnbroker must not allow a person to redeem a pledge in any of the following circumstances:
pledge
“pledge” means goods that are taken into possession by a lender of money as security for the repayment of a loan.
the pawnbroker knows that the person presenting the pawn ticket is not a person entitled to redeem the pledge;
the pawnbroker has reason to believe that the person presenting the pawn ticket is not a person entitled to redeem the pledge, and continues to have reason to so believe even after taking reasonable steps to ascertain whether the person is entitled to redeem the pledge;
the pawn ticket is a replacement pawn ticket issued by the pawnbroker pursuant to an application under section 66, and the pawnbroker, after the application is made, becomes aware or has reason to believe that the matters stated in the application are materially false or incomplete.