Pawnbrokers Act 2015 · 2020 Revised Edition · Part 3 · Rights and Obligations When Goods Are Pawned
58. Protection from liability when pawnbroker acts according to section 57
Feedback & supportSubject to subsection (2), a pawnbroker is not liable to any person for any loss or damage suffered as a result of the pawnbroker allowing or refusing, in accordance with section 57, the redemption of a pledge.
pawnbroker
“pawnbroker” means a person who carries on a business of lending money on the security of pledges;
Subsection (1) does not exclude a pawnbroker’s liability (if any) to the rightful owner of goods pawned without the owner’s authority, unless the pawnbroker has, before taking possession of the goods as a pledge, taken reasonable steps to satisfy itself that the pawner was the rightful owner of the goods or had the authority to pawn them.
pawn
“pawn” means to give possession of goods to a lender of money as security for the repayment of a loan;