Thông tư 13/1999/TT-BTM

CIRCULAR

GUIDING PAWNAGE SERVICE BUSINESS

In furtherance of the Government’s Decree No. 11/1999/ND-CP of March 3, 1999 "on goods banned from circulation, commercial services banned from provision, goods and commercial services subject to business restriction or conditional business", after consulting the State Bank of Vietnam, the Ministry of Trade hereby provides the following detailed guidance on pawnage service business:

I. SCOPE OF APPLICATION

1. Pawnage service business stipulated in this Circular means the merchants lend money to clients and keep the clients’ goods or property to secure the latter’s performance of their obligations defined in the pawn contracts.

Goods or property used to secure the performance of the obligations in the pawn contracts are called the pawned goods or property.

Clients in this service may be producers, businessmen or consumers.

2. Merchants engaged in pawn service business must meet all the prescribed conditions and strictly comply with the provisions of this Circular.

3. The goods and property to be pawned under the regulations of this Circular is stipulated as follows:

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