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
59. Pawnbroker’s obligations when goods redeemed
Feedback & support(1)
When a pledge is redeemed, a pawnbroker must —
pledge
Defined · s 3
“pledge” means goods that are taken into possession by a lender of money as security for the repayment of a loan.
(a)
issue a receipt to the person redeeming the goods; and
(b)
cancel the pawn ticket.
(2)
The receipt must be in the form that the Registrar may specify.
Registrar
Defined · s 2
“Registrar” means the Registrar of Pawnbrokers appointed under section 5, and includes any Deputy Registrar of Pawnbrokers or Assistant Registrar of Pawnbrokers exercising the functions of the Registrar;