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← Pawnbrokers Act 1972

Pawnbrokers Act 1972 s 17

Pawnbrokers Act 1972 s 17

s 17 Rate of profit

(1) A licensee may take profit on a loan on any pledge in pawn by way of charges at such rates as may be prescribed by regulations made under this Act, and shall not demand or take any profit in excess of the prescribed rate, or demand or take any sum whatever in respect of any pawning other than such profit. (2) Any person who contravenes subsection (1) commits an offence.

Malay text (authoritative)

Kadar keuntungan

(1) Seseorang pemegang lesen boleh mengambil keuntungan atas sesuatu pinjaman yang diberikan atas sesuatu sandaran yang dipajakgadaikan dengan cara caj mengikut apa-apa kadar yang ditetapkan dengan peraturan-peraturan yang dibuat di bawah Akta ini, dan tidak boleh meminta atau mengambil apa-apa keuntungan yang lebih daripada kadar yang ditetapkan itu, atau tidak boleh meminta atau mengambil apa-apa jua jumlah wang berkenaan dengan sesuatu pemajakgadaian selain keuntungan itu. (2) Mana-mana orang yang melanggar subseksyen (1) melakukan suatu kesalahan.

Read this section in the full act → · Open Part III →

Find Act 81 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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