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PAWNBROKERS ACT (NORTHERN IRELAND) 1954 - SECT 15

Lawful profits and charges.

15.(1) A pawnbroker may take a profit on the loan on a pledge at a rate not
exceeding that specified in Part I of the Third Schedule.

(2) A pawnbroker may demand and take the charges specified in Parts II and III
of the Third Schedule.

(3) A pawnbroker shall not demand or take any profit in respect of a loan on a
pledge, or demand or take any charge or sum whatever otherwise than those
permitted by sub-sections (1) and (2).

(4) A pawnbroker shall, if so required at the time of the redemption of any
pledge, give a receipt for the amount of the loan and profit paid to him,
which receipt shall be in the form, and shall set forth the particulars,
specified in the Second Schedule or in a form to the like effect.

(5) A pawnbroker who fails to comply with any of the requirements of this
section shall be guilty of an offence against this Act.

© 1954 Crown Copyright

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