{"product_id":"pawnbrokers-act-1972-and-regulations-act-81","title":"Pawnbrokers Act 1972 And Regulations (Act 81)","description":"\u003ch2 style=\"text-align: center;\"\u003ePawnbrokers Act 1972 And Regulations (Act 81)\u003c\/h2\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003ePublished and Printed in July 2024\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"177\" data-end=\"475\"\u003eThe Pawnbrokers Act 1972 is Malaysian legislation designed to oversee and regulate the pawnbroking industry. Its primary aim is to safeguard both pawnbrokers and customers (pawns) by prescribing clear legal standards, licensing requirements, rights, and responsibilities in pawn transactions.\u003c\/p\u003e\n\u003cp data-start=\"477\" data-end=\"510\"\u003e\u003cstrong\u003e\u003cspan style=\"text-decoration: underline;\"\u003eMain Provisions of the Act:\u003c\/span\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"512\" data-end=\"527\"\u003e\u003cstrong data-start=\"512\" data-end=\"525\"\u003eLicensing\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul data-start=\"528\" data-end=\"742\"\u003e\n\u003cli data-start=\"528\" data-end=\"589\"\u003e\n\u003cp data-start=\"530\" data-end=\"589\"\u003ePawnbrokers must hold a valid licence to legally operate.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"590\" data-end=\"742\"\u003e\n\u003cp data-start=\"592\" data-end=\"742\"\u003eLicensing is supervised by the authorities to ensure that only eligible and responsible individuals are permitted to conduct pawnbroking activities.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp data-start=\"744\" data-end=\"781\"\u003e\u003cstrong data-start=\"744\" data-end=\"779\"\u003eRegulation of Pawn Transactions\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul data-start=\"782\" data-end=\"994\"\u003e\n\u003cli data-start=\"782\" data-end=\"845\"\u003e\n\u003cp data-start=\"784\" data-end=\"845\"\u003eOutlines the proper process for receiving items as pledges.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"846\" data-end=\"933\"\u003e\n\u003cp data-start=\"848\" data-end=\"933\"\u003eRequires pawnbrokers to issue pawn tickets or receipts as proof of the transaction.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"934\" data-end=\"994\"\u003e\n\u003cp data-start=\"936\" data-end=\"994\"\u003eEstablishes rules for the valuation of pledged property.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp data-start=\"996\" data-end=\"1022\"\u003e\u003cstrong data-start=\"996\" data-end=\"1020\"\u003eInterest and Charges\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul data-start=\"1023\" data-end=\"1169\"\u003e\n\u003cli data-start=\"1023\" data-end=\"1095\"\u003e\n\u003cp data-start=\"1025\" data-end=\"1095\"\u003eSets limits on the interest and charges that pawnbrokers may impose.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"1096\" data-end=\"1169\"\u003e\n\u003cp data-start=\"1098\" data-end=\"1169\"\u003eProtects borrowers from being subjected to unfair or excessive rates.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp data-start=\"1171\" data-end=\"1208\"\u003e\u003cstrong data-start=\"1171\" data-end=\"1206\"\u003eResponsibilities of Pawnbrokers\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul data-start=\"1209\" data-end=\"1444\"\u003e\n\u003cli data-start=\"1209\" data-end=\"1265\"\u003e\n\u003cp data-start=\"1211\" data-end=\"1265\"\u003eMust maintain accurate records of all pawn dealings.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"1266\" data-end=\"1355\"\u003e\n\u003cp data-start=\"1268\" data-end=\"1355\"\u003eObliged to return pledged items once the loan is repaid within the redemption period.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"1356\" data-end=\"1444\"\u003e\n\u003cp data-start=\"1358\" data-end=\"1444\"\u003eProvides conditions under which pledged items may be sold if they remain unredeemed.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp data-start=\"1446\" data-end=\"1481\"\u003e\u003cstrong data-start=\"1446\" data-end=\"1479\"\u003eRights of Pawnors (Borrowers)\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul data-start=\"1482\" data-end=\"1677\"\u003e\n\u003cli data-start=\"1482\" data-end=\"1565\"\u003e\n\u003cp data-start=\"1484\" data-end=\"1565\"\u003eEntitled to redeem their pledged items within the prescribed redemption period.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"1566\" data-end=\"1677\"\u003e\n\u003cp data-start=\"1568\" data-end=\"1677\"\u003eHave the right to claim any surplus money if the pledged goods are sold for more than the outstanding debt.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp data-start=\"1679\" data-end=\"1710\"\u003e\u003cstrong data-start=\"1679\" data-end=\"1708\"\u003eEnforcement and Penalties\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul data-start=\"1711\" data-end=\"1994\"\u003e\n\u003cli data-start=\"1711\" data-end=\"1783\"\u003e\n\u003cp data-start=\"1713\" data-end=\"1783\"\u003eStipulates punishments for conducting pawnbroking without a licence.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"1784\" data-end=\"1900\"\u003e\n\u003cp data-start=\"1786\" data-end=\"1900\"\u003eOffences include neglecting proper record-keeping, failing to issue pawn tickets, or charging unlawful interest.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"1901\" data-end=\"1994\"\u003e\n\u003cp data-start=\"1903\" data-end=\"1994\"\u003eGrants enforcement authorities the power to act against violations and ensure compliance.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan style=\"text-decoration: underline;\"\u003e\u003cstrong\u003ePawnbrokers Act 1972 And Regulations (Act 81) Contains:\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003col\u003e\n\u003cli\u003ePawnbrokers Act 1972 (Act 81)\u003c\/li\u003e\n\u003cli\u003eRegulations:\u003c\/li\u003e\n\u003c\/ol\u003e\n\u003cp style=\"padding-left: 40px;\"\u003e\u003cspan\u003e\u003c\/span\u003e• Pawnbrokers (Control And Licensing) Regulations 2004 - P.U. (A) 317\/2004\u003cbr\u003e• Pawnbrokers (Compounding of Offences) Regulations 2018 - P.U. (A) 58\/2018\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e\u003cb\u003eFind more statutes like Pawnbroker Act 1972 (Act 81):\u003cspan\u003e \u003c\/span\u003e\u003c\/b\u003e\u003ca href=\"https:\/\/www.joshualegalartgallery.com\/collections\/statutes\" title=\"statutes\"\u003e\u003cspan style=\"color: rgb(0, 43, 231);\"\u003e\u003cb style=\"color: rgb(0, 43, 231);\"\u003eStatutes\u003c\/b\u003e\u003c\/span\u003e\u003c\/a\u003e\u003c\/strong\u003e\u003c\/p\u003e","brand":"Law Books Malaysia | Joshua Legal Art Gallery","offers":[{"title":"Default Title","offer_id":45129442885828,"sku":null,"price":43.0,"currency_code":"MYR","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0036\/0405\/4062\/files\/WhatsAppImage2025-08-26at15.24.25.jpg?v=1756193987","url":"https:\/\/www.joshualegalartgallery.com\/products\/pawnbrokers-act-1972-and-regulations-act-81","provider":"Law Books Malaysia | Joshua Legal Art Gallery","version":"1.0","type":"link"}