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Approved by Board of National Bank of Tajikistan on March 23, 2000 No. 48

Regulations on pawnshops

(as amended of Board of National Bank of Tajikistan of 03.02.2004 No. 1)

Section I. General provisions

1. The regulations on pawnshops are developed according to the Law of the Republic of Tajikistan "About banks and banking activity", the Resolution of Majlisi Oli of the Republic of Tajikistan "About the main directions of monetary and monetarist policies of the Republic of Tajikistan for 2000" and determine legal status, procedure for creation, implementation and termination of activities of the pawnshops which are one of kinds of the non-bank financial organizations and acting on the basis of the license granted by National Bank of Tajikistan.

2. Pawnshop - the legal entity, being the commercial organization, formed for the purpose of crediting and servicing on the security of personal property of clients citizens of the Republic of Tajikistan and performing the activities based on the license of National Bank of Tajikistan.

3. Activities of pawnshops are regulated by the Civil code of the Republic of Tajikistan (general part). The law of the Republic of Tajikistan "About banks and banking activity", "About National Bank of Tajikistan", "About pledges", and also regulations and other legal acts of National Bank of Tajikistan on the questions carried to its competence including this Provision.

4. Requirements of the Law of the Republic of Tajikistan "About banks and banking activity" are applied to pawnshops in full, except for those cases and features which are established for them by this Provision.

5. Pawnshops can accept as a deposit property only of citizens of the Republic of Tajikistan.

The pawnshop does not answer for obligations the state, is equal as the state does not answer for its obligations.

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