Bare ActsThe Nagaland Money Lenders Act, 2005

Section 18

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Certain otherActs of pawnbrokers to be punishable: A pawnbroker who- (1) takes article in pawn from any person obviously appearing to be under the age of eighteen years or to be of unsound mind or to be intoxicated; or (2) purchases or takes in pawn or changes a pawn-ticket issued by another pawn-broker; or (3) employs any person under the age of eighteen years to take pledges in pawn; or (4) under any pretence, except at a public auction, any pledge while in pawn with him; or (5) permit any pledge while in pawn with him to be redeemed with a view to purchasing it for himself; or (6) makes any contract or agreement with any person pawning or offering to pawn any article, or with the owner thereof, for the purchase, sale or disposition thereof within the time of redemption; or (7) sells or othenvise dispose of any pledge pawned with him except at such time and in such manner as is authorized by or under this act or the rules made thereunden; shall be punishable with imprisonment for a term which may extend to one year or fine which may extend to five thousand rupees or with both.

Section 18 – The Nagaland Money Lenders Act, 2005 | DailyLaw.ai