Section 8(6)(a) in The M.P. Anusuchit Jan Jati Sahukar Viniyam, 1972
(a)No money-lender shall accept from a debtor any article as a pawn, pledge or security for a loan unless he grants to such debtor a signed receipt for the same with its description, estimated value, the amount of loan advanced against it and such other particulars as may be prescribed.