Malaysia legislation
Section 22
Section 22
Pawnbroker’s responsibility with regard to pledge
(2)
The pawnbroker shall be responsible for the loss or damage of any pledge, whether such loss or damage be caused by or in consequence of fire, negligence, omission, theft, robbery or otherwise.
(3)
In the case of any pledge destroyed or damaged by or in consequence of fire, negligence, omission, theft, robbery or otherwise, the value of the pledge shall for the purposes of the compensation of the pawner, be assumed to be one quarter more than the amount of the loan.
Pawnbrokers 27
(4)
Upon complaint by any person that any pledge held by a pawnbroker, which the person is entitled to redeem, has not been delivered to him on due demand or has become or been rendered of less value than it was at the time of pawning by or through the default, neglect or misbehaviour of the pawnbroker, a Magistrate may, if he so thinks fit, order reasonable compensation to be paid by the pawnbroker to the person; and any sum so ordered to be paid may, if the Magistrate so directs, be recoverable from the pawnbroker as a fine.
Pledges not redeemed within time