Additional accounts to be maintained by pawnbroker

Finance193410 sections

Statutory text

(1) Every pawnbroker shall regularly record and maintain an account in which, in addition to the particulars referred to in clause
- (a) of sub-section
(1) of section 3, he shall record or cause to be recorded-
- (a) a full and detailed description of the article or of each of the articles taken in pawn,
- (b) the time agreed upon for the redemption of the pawn, and
- (c) the name of the pawner and, where the pawner is not the owner of the article or of any of the articles pawned, the name and address of the owner thereof.
(2) A copy of the entries in such account shall be delivered by the pawnbroker to the pawner at the time of the pawn on tender of such sum as the State Government may prescribe as the charge therefor.

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