Additional records, pawnbrokers

(1) In addition to the records referred to in regulation 14, a pawnbroker shall keep a copy of every pawn ticket issued by the pawnbroker and the following particulars for each pawn ticket– (a) the unique identification number of the pawn ticket; (b) the identification information of the owner of the pledge, if not the pawner; (c) a fair description of the pledge, including any manufacturer serial number or other identifiable mark; Moneylenders 11 (d) the valuation of the pledge given by the (e) the last day of the redemption period and any extensions; (f) the date on which the pledge is redeemed or forfeited; (g) where the pledge is redeemed by a person other than the pawner, the identification information of that person. (2) Where a pledge is forfeited and disposed of, whether by sale or otherwise, the pawnbroker shall keep a record of– (a) the dates on which the pledge is forfeited; (b) the manner in which the pledge is disposed of; (c) the price for which the pledge is disposed of; (d) the identification information of the person to whom the pledge is disposed. (3) For the purpose of this regulation, “redemption period”, means the period of thirty days from the date on which a pledge is made, or such longer period as the pawner and pawnbroker agree. (4) Notwithstanding subregulation (3), if the redemption period under subregulation (3) ends on a day other than a business day– (a) the redemption period is extended to the next business day; and 12 Moneylenders (b) the pawnbroker shall not charge any further interest or fee if a pledge is redeemed on the day referred to in paragraph (a).