s 49 Pawn ticket to be issued
49.—(1) A pawnbroker must not take goods in pawn unless the pawnbroker issues to the pawner a pawn ticket in accordance with this section.
(2) A pawn ticket must be marked with a unique identification number, and must contain the prescribed particulars in the prescribed format.
(3) The pawner must sign a copy of the pawn ticket.
(4) The pawnbroker must keep a signed copy of the pawn ticket.
(5) A loan agreement is voidable at the instance of the pawner unless subsections (1), (2), (3) and (4) are fully complied with.
Read this section in the full act → · Open Division 1 →
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗
Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.
The Singapore legislation on this platform is subject to copyright of the Singapore Government and is used/reproduced for the purposes of this platform with the permission of the Attorney-General's Chambers. Users of this platform may check Singapore Statutes Online for the latest version of the Singapore legislation.