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Secondhand Dealers and Pawnbrokers Act 2004

Obligations of licence holders, promoters, and Internet auction providers - Obligations of licensed pawnbrokers - Pawnbroking

58: Redemption date

You could also call this:

"Last day to get back pawned goods"

Illustration for Secondhand Dealers and Pawnbrokers Act 2004

When you pawn goods, there is a last day to get them back. This is called the redemption date. The redemption date is the later of two options. The first option is three months after you pawned the goods. The second option is a date you agree on with the pawnbroker. You can get your goods back on or before the redemption date.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM305636.

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Topics:
Money and consumer rights > Consumer protection
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57: Redemption price, or

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59: Pledge tickets, or

"What is a pledge ticket and how does it help you get your goods back from a pawnbroker?"

Part 3Obligations of licence holders, promoters, and Internet auction providers
Obligations of licensed pawnbrokers: Pawnbroking

58Redemption date

  1. The redemption date of any pawned goods is the last day on which the pawnbroker must hold the goods for redemption by the pledger.

  2. The redemption date is the later of—

  3. the date that is 3 months later than the date on which the pledge was entered into; or
    1. a date agreed to between the pawnbroker and the pledger.