280Pawn tickets

280 Pawn tickets (1) Before lending any money under a contract, a pawnbroker must ensure that a written statement under this section and a copy of the statement are signed by, or on behalf of, the pawnbroker and by the other party to the contract and that the statement is given to that other party, without charge. (2) The statement is to: (a) set out the details recorded under section 279(a) to (s) inclusive; and

Consumer Affairs and Fair Trading Act 1990 110 (b) inform the other party: (i) of the pawnbroker's obligation under this Part to keep the pawned goods for at least one month or such longer period as the parties may agree; and (ii) that the goods can be redeemed at any time before the sale of the goods; and (iii) of the party's right to any surplus on the sale of the goods after deduction of interest and charges. (3) The pawnbroker must ensure that the statement and the copy each bear the original signature of the persons referred to in subsection 1).