1984 Ed.]
Pawnbrokers
[CAP. 166
15. (1) Subject to section 16, upon the tender by a person of a ticket or duplicate ticket together with the full amount then due for principal and interest within 4 lunar months from the date of advancing any money on loan, the pawnbroker shall deliver up to that person the goods to which the ticket or duplicate ticket and the loan relate.
(2) Any pawnbroker who contravenes subsection (1) commits an offence and is liable to a fine of $10,000 and to imprisonment for 6 months.
16. (1) Notwithstanding section 15, a pawnbroker shall withhold delivery of the goods pawned where on or before the tender to him of a ticket or a duplicate ticket under that section he has-
(a) been given notice in writing by the borrower or the owner of the goods not to deliver the same;
(b) been given notice in writing by any police officer not below the rank of sergeant that the goods have been or are suspected to have been unlawfully pawned; or
(c) received an application in respect of the goods under section 14 from any person representing himself to be the borrower or the owner of the goods.
(2) Any pawnbroker who contravenes subsection (1) commits an offence and is liable to a fine of $5,000.
17. (1) Subject to this Ordinance and to any other law, goods pawned shall, upon the expiration of 4 lunar months from the date of advancing any money on loan, become, if they are not earlier redeemed, the property of the pawnbroker.
(2) Notwithstanding subsection (1), if before the expiration of 4 lunar months from the date of advancing any money on loan, the borrower wishes to continue the loan, the pawnbroker shall allow him to do so on his paying the interest then due and in any such case a new ticket shall be delivered to the borrower, a new entry shall be made in the general book and for the purposes of section 15 and this section, the date of advancing any money on loan shall be deemed to be the day the new ticket is delivered.
(3) Any pawnbroker who contravenes subsection (2) commits an offence and is liable to a fine of $5,000.
18. (1) A person applying to a pawnbroker to pawn goods or to redeem goods pawned shall at the time of his application provide the pawnbroker with information to the satisfaction of the pawnbroker as to-
(a) his proof of identity; and
(b) his place of residence; and
(c) if he is not the owner, the name and place of residence of the owner of the goods; and
Redelivery of goods on production of ticket and repayment.
Pawnbroker to withhold goods in certain circumstances.
7
Unredeemed goods to become the property of pawnbroker.
Information to be given by borrowers etc.
1984 Ed.]
Pawnbrokers
[CAP. 166
15. (1) Subject to section 16, upon the tender by a person of a ticket or duplicate ticket together with the full amount then due for principal and interest within 4 lunar months from the date of advancing any money on loan, the pawnbroker shall deliver up to that person the goods to which the ticket or duplicate ticket and the loan relate.
(2) Any pawnbroker who contravenes subsection (1) commits an offence and is liable to a fine of $10,000 and to imprisonment for 6 months.
16. (1) Notwithstanding section 15, a pawnbroker shall with- hold delivery of the goods pawned where on or before the tender to him of a ticket or a duplicate ticket under that section he has-
(a) been given notice in writing by the borrower or the owner
of the goods not to deliver the same;
(b) been given notice in writing by any police officer not below the rank of sergeant that the goods have been or are suspected to have been unlawfully pawned; or
(c) received an application in respect of the goods under section 14 from any person representing himself to be the borrower or the owner of the goods.
(2) Any pawnbroker who contravenes subsection (1) commits an offence and is liable to a fine of $5,000.
17. (1) Subject to this Ordinance and to any other law, goods pawned shall, upon the expiration of 4 lunar months from the date of advancing any money on loan, become, if they are not earlier redeemed, the property of the pawnbroker.
(2) Notwithstanding subsection (1), if before the expiration of 4 lunar months from the date of advancing any money on loan, the borrower wishes to continue the loan, the pawnbroker shall allow him to do so on his paying the interest then due and in any such case a new ticket shall be delivered to the borrower, a new entry shall be made in the general book and for the purposes of section 15 and this section, the date of advancing any money on loan shall be deemed to be the day the new ticket is delivered.
(3) Any pawnbroker who contravenes subsection (2) commits an offence and is liable to a fine of $5,000.
18. (1) A person applying to a pawnbroker to pawn goods or to redeem goods pawned shall at the time of his application provide the pawnbroker with information to the satisfaction of the pawn- broker as to-
(a) his proof of identity; and
(b) his place of residence; and
(c) if he is not the owner, the name and place of residence of
the owner of the goods; and
Redelivery of goods on production of ticket and repayment.
Pawnbroker to withhold goods in certain circumstances.
7
Unredeemed goods to become the property of pawnbroker.
Information to be given by borrowers etc.
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