Pawnbrokers Act 2015 s 50

s 50 Permitted profit and fees

50.—(1) When a pawnbroker lends money on the security of a pledge, the pawnbroker must not take any profit on the loan or charge any fee other than what is permitted under the Second Schedule. (2) A loan agreement is void to the extent that it purports to confer on a pawnbroker a right to take any profit on the loan or charge any fee other than what is permitted under the Second Schedule. (3) A pawnbroker that contravenes subsection (1) shall be guilty of an offence.

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