Pledge utilization period in the pawnbrokertrade Extension

On request from the competent authority, the deposit period may be extended if there is an important reason. The deadline must be extended as long as the important reason is likely to exist. In the event of a judicial or administrative measure being prevented, the period shall be extended until the recovery of other pledges following the annulment of the measure.

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If necessary, identity card or passport Pledge permit at the request of the competent authority If necessary, documents documenting the important reason

There are important reasons. An important reason exists when there is a conflict of obligations of the pawnbroker under the Pledge Lenders Ordinance (PfandlV) and other legislation. a postponement of the recovery is in the interest of the pledgee, in particular if (e.g. .B for seasonal reasons) a more favourable result can be achieved in the event of subsequent recovery, despite the further interest and costs incurred, a more favourable result to the pledgee. a dispute is pending concerning the ownership of the lien or the creation of the lien.

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Lower Saxony Ministry of Economy, Labour and Transport

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