Singapore legislation
Regulation 4
Regulation 4
Advance by cheque
Subregulation 1
Subject to this rule, a licensee may make an advance on a pledge to a pawner by a cheque made payable to the order of the pawner, if the pawner so requests in accordance with rule 3.
Subregulation 2
The cheque must be made payable to the order of the pawner.
Subregulation 3
The licensee must issue the cheque to the pawner at the same time the licensee issues to the pawner a pawn ticket under section 49 of the Act.
Subregulation 4
The pawn ticket must state that the pawner has requested for the advance on the pledge to be made by cheque payable to the order of the pawner.