Unclaimed monies relating to unredeemed pledges auctioned on or before 24 October 2015
Where a pledge pawned for any sum exceeding $50 is sold for more than the reserve price, being the amount of the loan and interest due, the pawnbroker shall, within 10 days after the sale, inform the pawner by registered post of the amount of surplus realised at the sale.
If no demand for the surplus is made within 4 months after the sale, the pawnbroker shall pay the surplus to the Accountant-General within 14 days after the expiration of the period of 4 months.
All unclaimed monies paid to the Accountant-General are transferred to the Consolidated Fund after 6 years unless a claim is made. A claimant may, at any time, make an application for the monies even after they are paid into the Consolidated Fund.
|STEPS TO RECOVER UNCLAIMED MONIES|
|Click on the specific listing of unclaimed monies that you want to view.|
If you locate a record of unclaimed monies due to you, take down the “Year Paid” and “Remarks” stated in the listing.
If you have documentary proof that you are the rightful owner of the monies, you may contact the Registry of Pawnbrokers via the following:
The Registry of Pawnbrokers
The URA Centre (East Wing)
45 Maxwell Road
Tel: 1800-2255529 (General Enquiries)
Produce the necessary documents according to each of the categories set out below:
a) The pawn ticket corresponding to the surplus;
b) A copy of the pawner’s identification documents, and
c) Any documentary evidence (e.g. a police report) explaining the circumstances if you are unable to furnish any of the above documents or if you are not the pawner.
The Registry of Pawnbrokers will check the claimant’s details against the case file to see if the claim is valid and arrange for payment to be made to the claimant once the claim is verified.