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When are the pawnbrokers' auctions?


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Updated by MLAW

With the enactment of the Pawnbrokers Act 2015 on 1 April 2015, pledges taken in by pawnbrokers from 1 April 2015 onwards that remain unredeemed on the expiry of the lawful redemption period will be forfeited instead of auctioned. In the event of such a forfeiture, the unredeemed pledges becomes the absolute property of the pawnbroker.

The last public auction of pawnbrokers' unredeemed pledges was held on 24 October 2015.


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