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[Cites 0, Cited by 0] [Section 5] [Entire Act]

State of Tamilnadu - Subsection

Section 5(3) in Tamil Nadu Pawnbrokers Rules, 1943

(3)
(a)The fee which may be charged by a pawnbroker for a statement of accounts furnished by him under clause (d) of sub-section (1) of section 10 shall be as follows: -
(i) If the amount of loan does not exceed Rs.50 0.5
(ii) If the amount of loan exceeds Rs.50, but doesnot exceed Rs.100 0.10
(iii) If the amount of the loan exceeds Rs.100, butdoes not exceed Rs.300 0.20
(iv) If the amount of the loan exceeds Rs.300, butdoes not exceed Rs.500 0.25
(v) If the amount of the loan exceeds Rs.500, butdoes not exceed Rs.1,000 0.35
(vi) If the amount of the loan exceeds Rs.1000 0.50
Explanation. - The fee shall be charged separately in respect of each loan and each requisition. Thus, the fee relating to two separate loans of Rs.120 and Rs.350 will be forty-five paise.
(b)The fee shall be recoverable by the pawnbroker as if it were included in the loan, but no interest shall be charged on such fee.