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Salzgitter

Deposit realization period in the pawnbroking industry Extension

As a commercial pawnbroker, you may apply to extend the period for the sale of pledged property if there is good cause.

Description

Description

Upon application by the pawnbroker to the competent authority, the time limit may be extended if there is good cause.

The period shall be extended for as long as the good cause is likely to exist. If prevented by a judicial or official measure, the period shall be extended until the realization of other pledges following the lifting of the measure.

Explanations and notes