LAW OF THE REPUBLIC OF TAJIKISTAN

of July 22, 2013 No. 992

About pawnshops

This Law governs the public relations connected with lombard activities on provision of short-term loans instead of the personal estate which is under pledge, and also to storage of personal estate of citizens.

Chapter 1. General provisions

Article 1. Basic concepts

In this Law the following basic concepts are used:

- pawnshop - the legal entity (the specialized organization) occupied with provision of short-term loans instead of the personal estate of citizens which is under pledge, and also storage of personal estate of citizens;

- the pawnshop territory - the protected specialized territory of the main room intended for acceptance of bailors, provision of short-term loans, document storage of crediting, cash, pledged property and the checked property;

- small-size property - jewelry, and also other personal estate which is stored in the fireproof safes of pawnshop established in the territory of pawnshop;

- large-size property - personal estate which is stored in the territory of pawnshop;

- pledge subject in pawnshops - the personal estate which is not withdrawn from circulation and also personal estate which turnover is not limited to the legislation of the Republic of Tajikistan;

- documents of crediting and storage - the loan agreement, the agreement of storage, the mortgage ticket, the personalized safe receipt, and also other documents established by this Law and other regulatory legal acts of the Republic of Tajikistan;

- the loan agreement - the contract between pawnshop and the bailor for certain term with issue of the mortgage ticket;

- the agreement of storage - the contract between pawnshop and the bailor for certain term on storage of property on paid basis with issue of the personalized safe receipt;

- the mortgage ticket - the document of accounting of pledge which is issued to the bailor in case of agreement signature about loan;

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