Malaysia legislation
Section 3
Section 3
Persons to be deemed pawnbrokers
(a)
receives or takes of or from any person whomsoever any article by way of security for the repayment of any sum of money, not exceeding ten thousand ringgit, advanced thereon; or
Pawnbrokers 11
(b)
purchases or receives or takes in articles and pays or advances or lends thereon any sum of money, not exceeding ten thousand ringgit, with or under an agreement or understanding expressed or implied or to be from the nature and character of the dealing reasonably inferred that those articles may afterwards be redeemed or repurchased on any terms, shall be deemed to be a person carrying on the business of taking articles in pawn, and every such transaction, article, payment, advance and loan shall be deemed a pawning, pledge or loan respectively within this Act.
(2)
(Deleted by Act A1209)
PART IA
ADMINISTRATION
Appointment of Registrar, Deputy Registrars, Inspectors and other officers and servants