GMLA 25 — Money-Lender not to dispose off pawned articles before certain period.

Gujarat Money-Lenders Act, 2011

Statutory text

Subject to the provisions of sections 176 to 179 of Chapter IX of the Contract Act, 1872 or anything contained in any law for the time being 9 of 1872. in force, no Money-Lender shall dispose off any article taken from a debtor as a pawn, pledge or security for the loan advanced to him, before a period of two years from the date stipulated for final repayment of the loan.

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