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← Pawnbrokers Act 2015

Pawnbrokers Act 2015 s 57

s 57 Pawnbroker to allow redemption of pledge except in certain circumstances

57.—(1) A pawnbroker must allow a person who has complied with section 56 to redeem a pledge, except in the circumstances in subsection (2). (2) A pawnbroker must not allow a person to redeem a pledge in any of the following circumstances:(a) the pawnbroker knows that the person presenting the pawn ticket is not a person entitled to redeem the pledge; (b) the pawnbroker has reason to believe that the person presenting the pawn ticket is not a person entitled to redeem the pledge, and continues to have reason to so believe even after taking reasonable steps to ascertain whether the person is entitled to redeem the pledge; (c) the pawn ticket is a replacement pawn ticket issued by the pawnbroker pursuant to an application under section 66, and the pawnbroker, after the application is made, becomes aware or has reason to believe that the matters stated in the application are materially false or incomplete.

Read this section in the full act → · Open Division 2 →

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.

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