Regulatory Alerts2003-12-20 | 23/4Added · Updated
Approval of Rules for the Conduct of Activities and Operations by Pawnshops
The Central Bank of Uzbekistan approved rules governing pawnshops' operations, including the issuance of short-term loans (up to three months) secured by movable personal property and the acceptance of items for safekeeping. The document mandates that pawnshops must verify customer identity, insure pledged items at their own expense, and adhere to specific procedures for valuation, default, and sale of collateral. It also establishes liability for loss or damage to pledged goods and requires transparency in operational terms and tariffs.
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safeguarding
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