My bookmarksSign up free
← Pawnbrokers Act 2015

Pawnbrokers Act 2015 s 62

s 62 Notice of forfeiture

62.—(1) A notice of forfeiture must contain the following information:(a) the name of the pawnbroker; (b) the pawn ticket number; (c) a statement that the pledge will be forfeited one month after the date on which the notice is served, and that the pledge may be redeemed at any time before it is forfeited; (d) the amount to be paid to redeem the pledge or extend the redemption period; (e) a valuation of the pledge at the time the notice is issued; (f) the address and business hours of the licensed place of business at which the pledge can be redeemed; (g) any other particulars that may be prescribed. (2) A pawnbroker is not liable for any loss or damage suffered (whether by the pawner or by any other person) as a result of relying on a valuation provided under subsection (1)(e), unless the pawnbroker did not act in good faith or take reasonable care in providing the valuation.

Read this section in the full act → · Open Division 3 →

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.

What to look at next