Section 2
SEC. 2. Section four of Act Numbered Twenty-six hundred and fifty-five is hereby amended to read as follows: "SEC. 4. No pawnbroker or pawnbroker's agent shall directly or indirectly take or receive any higher rate or greater sum or value for any loan or forbearance than two and one-half per centum per month when the sum lent is less than one hundred pesos; two per centum per month when the sum lent is one hundred pesos or more, but not exceeding five hundred pesos, and fourteen per centum per annum when it is more than the amount last mentioned. A pawnbroker or pawnbroker's agent shall be considered such, for the benefits of this Act only if he be duly licensed and has further an establishment open to the public. "It shall be unlawful for a pawnbroker or pawnbroker's agent to divide the pawn offered by a person into two or more fractions in order to collect greater interest than that permitted by this section. "It shall also be unlawful for a pawnbroker or pawn broker's agent to require the pawner to pay an additional charge as insurance premium for the safekeeping and conservation of the article pawned."