Rules for issuing a loan secured by jewelry at the Almaz pawnshop

If you own items made of gold or other precious metals, you always have the opportunity to radically change your financial situation for the better. At all times, gold has had a consistently high price and today is considered one of the most reliable forms for storing your savings. Products made from this noble metal can always be sold or left as collateral, thereby receiving a significant amount of money.

Where can I get a loan secured by gold?

If you urgently need money, but you don’t want to borrow from friends or fill out a lot of paperwork, contact a pawnshop. These institutions provide loans on the condition that you provide an item of value as collateral.

Pawnshops are completely legal - their activities are regulated by Federal Law-196 “On Pawnshops”, and they issue small loans secured by property in 15 minutes.

Gold products are most welcome as collateral - the precious metal has universal global value, is not subject to corrosion, is used in many fields of activity, and its reserves are limited.

If you have chosen a gold product as collateral, it is better to opt for a pawnshop rather than a microfinance organization. MFOs, in principle, are not inclined to lend against anything as collateral, and gold, in general, would require an authentication procedure, which is unacceptable for financial institutions.

Modern pawnshops are also convenient because many of them provide services through their website. You fill out a form, to which you attach a photo of the product, write down the characteristics known to you (brand, sample, weight, condition, availability of documents) and send it for inspection. Specialists review the information and send you an email indicating the pre-approved loan amount.

What documents does a pawnshop prepare?

When applying for a loan secured by chains, like other jewelry, a pledge ticket is issued. It, in turn, is an agreement and the beginning of the relationship between you, as a client, and the pawnshop. The security ticket is given to you upon a successful transaction and contains:

• Pawnshop name and address;
• Client's full name;
• Subject of collateral;
• Amount and term of the loan, interest rate;
• Terms of cooperation with the pawnshop.

With the same document, you will then partially or fully repay the debt in order to redeem the chain from the pawnshop.

Terms of loans secured by gold products

The law does not establish restrictions on the conditions - thus, pawnshops themselves choose the amounts, terms and interest rates that they offer you.

1

The amount you can expect depends entirely on your gold item. The appraiser will determine its approximate market value and offer up to 80% of this amount as a loan. Interest will accrue for each day during the loan term.

2

The price of the product is determined based on the cost of one gram. It ranges from 800 to 3000 rubles per gram, depending on the sample. In addition, the price depends on the condition of the product, as well as the presence of precious stones in it.

3

The loan term is specified in the contract. Usually it is up to 30 days. But you can extend the term - subject to payment of accrued interest. You can also buy back your product earlier, and you will pay interest not for the full loan term, but for the number of days that your product remained in the pawnshop.

4

The interest rate usually ranges from 0.2 to 0.4% per day. The higher the deposit amount, the lower the rate.

As an example, here are the conditions of one of the Moscow pawnshops:

You must redeem your product within the period specified in the contract. Upon completion, according to the law, the pawnshop does not have the right to sell your pledge for another month. No interest accrues for this month, and you still have the right to repurchase. If you are not going to return the jewelry, the pawnshop will sell the item as scrap to a jewelry factory.

At the end of this thirty-day “grace period,” all of your rights to the product are forfeited. Therefore, we advise you to at least extend the contract by paying interest if you do not want to lose your item.

Invest in gold

The range of products made of gold and other precious metals in the jewelry department of our pawnshop is regularly replenished and updated. You can always buy jewelry from us at a reasonable price and successfully invest your money in gold or other precious metals and jewelry made from them. Gold is more reliable than any currency in the world!

Buying gold at a pawnshop

Owners of gold jewelry are always prepared for difficult life situations, since gold is always highly valued - investing in it is profitable. If you need to turn jewelry into money, it’s easy - just sell the gold or pawn it at a pawnshop. By pawning gold in a pawnshop at a low interest rate of 6-10%, you can buy it back after a while. People turn to buying if there is no need to return the jewelry.

Buying gold in Moscow is in great demand, since in this case the owner receives a higher price for the jewelry than for the deposit, and also costs a minimum number of documents. But you need to choose the right buyer - it must be a trusted company. Unfortunately, in many purchases, jewelry owners are deceived. This will not happen if you contact the “Your Partner” pawnshop. We accept gold products for collateral and purchase. Our activities are legally legal, and reviews from grateful clients are one of the proofs of reliability.

We accept for purchase products with and without inserts of precious stones, as well as jewelry, gold coins, bars, dental gold and other products made from this precious metal.

Price of gold in a pawnshop

This is one of the key questions when choosing a pawnshop or buying one - every client is interested in favorable conditions and high prices.

How much gold costs in Moscow pawnshops is determined primarily by market conditions, so the cost of a gram changes regularly. Check prices on our website and with the pawnshop staff!

Also, the price per gram of gold in a pawnshop is determined depending on the quality and condition of the product. Products of modern design with a low degree of wear, without defects, and with the mark of the Russian Assay Inspectorate are most highly valued. They can be sold quickly and at a high price.

Most often, our clients are interested in how much 585 gold, the most common, costs in a pawnshop. The fineness indicates the percentage of gold in the alloy, and in the case of 585 fineness it is 58.5%. By comparison, 900 grade dental gold is 90% precious metal in the alloy. Therefore, 585 sample is one of the most inexpensive. However, an experienced expert will tell you the final cost after evaluating the product.

At the “Your Partner” pawnshop, Moscow residents can count on a favorable price per gram of 585 gold. Bring your products and donate them for buying - we will be happy to help! When cooperating with us, you can be sure that the price of gold per gram in purchases today is determined by the real market situation.

Available assessment methods

Determining the preliminary cost of gold is also possible when a specialist visits. Call us or email us to speed up the process of selling your gold. Another option is online assessment. Its accuracy directly depends on the quality of the photograph and the characteristics of your camera, so this method can only be used for preliminary cost calculations.

Gold requirements

Large pawn shops issue loans secured by jewelry with a wide range of hallmarks - from 375 to 999. Smaller market participants do not take risks and accept strictly defined hallmarks - most often these are the popular 583 and 585 hallmarks.

Using a magnifying glass, examine the manufacturer's mark on the gold item that you are going to take to the pawnshop. It must be readable. The higher the sample, the more you will get per gram of product.

Everyone knows that gold jewelry is not made from pure gold, since the metal in its pure form is too soft for jewelry. Therefore, silver, copper, palladium, cadmium, and zinc can be added to gold. The hallmark of your item shows the percentage of pure gold it contains.

For example, if the mark on a product is 585, this means that per 1000 grams of the product it contains 585 grams of gold and 415 grams of alloy.

There is one more characteristic that is usually misinterpreted - the color of jewelry gold. There is a myth that the yellower the product, the more gold there is. This is an incorrect statement. A different color only indicates the predominance of one of the metals in the alloy (for example, a reddish tint indicates copper), but this does not in any way affect the amount of pure gold in it.

Each pawnshop has its own list of items that it does not accept as collateral. These can be industrial semi-finished products, gold nuggets and refining, gold waste, dentures, orders and medals.

Important! The minimum weight of the product must exceed 0.1 grams.

Determining the cost of products made of precious metals

The cost of the product is calculated as follows and in this sequence.

1. The product is weighed on electronic scales with a maximum possible error of no more than 0.01 grams.
2. If the product has an insert, its size is calculated using a special measuring tool.
3. The net weight of the insert, calculated using the formula, is calculated from the total weight of the product in order to obtain the net weight of gold or other precious metal.

In order to accurately determine the gold standard, pawnshop experts carefully study the factory mark on the product. If there are doubts about the authenticity of the mark or in its absence, special chemical reagents are used to determine the metal sample.

Determining the value of gold products is carried out directly at the purchasing premises, but to speed up this procedure and quickly receive cash, you can carry out a preliminary assessment of jewelry in the office. To do this, you can order an expert to visit you directly at your address by using e-mail or calling us.

How to get a loan secured by gold?

Getting a loan from a pawnshop is one of the fastest procedures. It’s convenient that the pawnshop is not interested in your credit history, permanent registration or criminal record. The main thing is the availability of a liquid product.

You will quickly go through all the stages:

1

Find the right gold jewelry. It is better if it is a product without stones: a chain, earrings, a gold watch strap. Why? If everything is quite transparent with the valuation of gold, then with the valuation of a stone you cannot be completely sure that the amount will be named correctly.

2

Find a pawn shop. There are several search methods. Ask for advice on your city's forum, ask your friends, Google, or just go to the city center. As a rule, pawnshops “settle” in places with a busy flow of people. It is safer to contact an institution that has existed for a long time and also has its own website on the Internet - with a price list and details.

3

Gather your documents. To get a loan from a pawnshop, you only need one document - your civil passport. Don't forget to take a gold item when you go to get a loan.

4

An appraiser at a pawnshop will check the product using an express examination. It is done in several ways, but most often it is tested with a reagent and a magnet. In the first case, a small scratch is made with a diamond file in an inconspicuous place on the product. Thus, deep layers of the alloy are exposed and some acidic reagent is buried, after which the chemical reaction makes it possible to judge the authenticity of the product. The appraiser can then further check to see if the gold is magnetic - this will indicate iron content in the item, which should not be the case.

5

If the inspection was successful, the appraiser will offer you an amount that is approximately 20% less than the price for which the product was appraised. You can't argue - either agree or go to another pawnshop. The verification procedure does not obligate you to agree to the proposed conditions.

6

If you agree, sign the loan agreement in two copies. One remains for you.

7

The appraiser will immediately give you the agreed amount in cash and take the gold item into storage until you redeem it. To redeem the item, you need to bring to the pawnshop the entire amount that was given to you, plus accrued interest for the pawnshop’s services. If you do not do this before the end of the period specified in the contract, the pawnshop will sell your product.

Rules for issuing a loan secured by jewelry at the Almaz pawnshop

Before pawning jewelry at a pawnshop, you must familiarize yourself with the Rules for issuing a secured loan. The Almaz pawnshop is a member of the Yekaterinburg Pawnshop Development Association, which confirms the legal validity and legitimacy of the pawnshop’s activities. Our rules comply with all-Russian standards and legislation. They are simple, understandable, and are also changed, supplemented and canceled in accordance with changes made to the current legislation of the Russian Federation.

In our pawnshop you can both pawn your jewelry and buy inexpensive jewelry.

For prices, tariffs, and the cost of a possible loan, see the relevant sections of our website.

Rules for issuing, using and repaying secured loans

jewelry operating at the Almaz pawnshop LLC since 12/01/2020.

1. General provisions

Almaz pawnshop LLC operates in accordance with Federal Law dated July 19, 2007 N196-FZ “On Pawnshops”, Federal Law dated December 21, 2013 N 353-FZ “On Consumer Credit (Loan)”, Decree of the Government of the Russian Federation dated May 6. 2016 N 394 “On testing, analysis and hallmarking of jewelry and other products made of precious metals”, as well as other regulatory legal acts of the Russian Federation.

1.1. LLC pawnshop "Almaz" (hereinafter - Pawnshop), carries out:

— provision of short-term loans secured by jewelry (hereinafter referred to as property) in all separate divisions of Almaz pawnshop LLC:

• from gold 375, 500, 583, 585, 750, 958 samples;
• made of sterling silver 875, 900, 925;
• table silver 875, 916, 925

— sale (realization) of property accepted as collateral and unredeemed (retail trade of other used goods).

Jewelry with diamonds - colorless, round, 57-sided from 0.24 ct (diameter 4.05 mm) are accepted only with a written opinion from a gemologist.

1.2. The pawnshop does not accept:

• Gold and silver in bars, wire, plates, jewelry blanks, dentures, coins, sculpture, antiques;
• White gold without GIPN marks of the Russian Federation or with marks of a foreign type, as well as products with elements made of white gold that do not have state hallmarks of the Russian Federation;
• Silver knives and their parts;
• Silver products without GIPN marks of the Russian Federation;
• Jewelry that has parts and/or inserts made of metal that does not match the base metal (red and yellow gold) of the product;
• Icon frames of any kind;
• Stars and insignia on shoulder straps;
• Jewelry inserts without frame;
• Souvenirs;
• Watch;
• Inflated chains and bracelets without brands;
• Jewelry that does not have the marks of the GIPN of the Russian Federation, consisting of composite elements forming cavities;
• Wet products;
• Very dirty products.

1.3. If there are no marks of the State Property Inspectorate of the Russian Federation on the products, or they are damaged, a Pawnshop specialist, after written agreement with the Citizen-borrower (Appendix No. 4), determines the authenticity of the precious metal using the drip method. In case of repeated and subsequent transactions of pledge of such a product, the procedure for determining the authenticity of the metal is repeated under the same conditions.

If the citizen-borrower (mortgagor) refuses to test the jewelry with chemical reagents or using the necessary testing methods, the pawnshop specialist has the right to refuse to accept the product as collateral.

1.4. Acceptance of silver items is carried out only if there are stamps of the State Property Inspectorate of the Russian Federation.

1.5. The minimum weight of silver (net weight) issued for one pawn ticket for the 3rd assessment category (see “Tariffs applied at the Almaz pawnshop LLC when issuing loans and appraising jewelry accepted as pledge”) is 5 grams.

1.6. A pawnshop, concluding loan transactions secured by property with citizens, proceeds from the conscientious and proper fulfillment of obligations by the parties.

1.7. The pawnshop carries out mandatory insurance of collateral while it is in the pawnshop. Insurance of the pledged property is carried out at the expense of the Pawnshop.

1.8. When concluding a loan agreement secured by property, assessment, defect detection and testing are carried out by the Pawnshop free of charge.

1.9. The pawnshop bears full financial responsibility for the pledged property within the assessment amount. In case of loss of property due to the fault of the Pawnshop, the Citizen-borrower (mortgagor) is reimbursed for the cost of appraising the lost property.

1.10. The pawnshop has the right to refuse a Citizen to enter into a Loan Agreement without giving reasons.

2. Conditions for issuing loans

2.1. Procedure for obtaining a loan

2.1.1. When issuing a loan secured by property, the following agreements are concluded between the Pawnshop (Lender-Pledgee) and the Citizen (Borrower-Pledger):

A) A short-term loan agreement secured by property (hereinafter referred to as the Agreement) is formalized by the pawnshop issuing a Pledge Ticket in the form established in Appendix No. 1 to these Rules. The short-term loan agreement is not a public agreement, but is an adhesion agreement. The pledge of property performs a security function for the repayment of the loan under the Agreement.

The pledge ticket indicates: passport details of the pledgor (borrower); name and description of the property; assessment amount; the amount of the loan provided; date of loan provision, contract term and loan repayment date; interest rate on the loan for the period of validity of the agreement, according to the tariffs approved by the pawnshop, special conditions of the loan agreement at the pawnshop.

B) The parties sign Individual terms and conditions for the provision of a consumer loan in the form established in Appendix No. 2 to these Rules.

2.1.2. A short-term loan agreement secured by movable property is concluded with citizens over 18 years of age upon presentation of one of the following documents:

— passport of a citizen of the Russian Federation, with a mandatory mark on registration at the place of residence (stay);

— temporary identity card of a citizen of the Russian Federation;

- another document identifying the citizen of the Russian Federation, in accordance with the legislation of the Russian Federation.

A driver's license is not an identification document in accordance with the legislation of the Russian Federation.

The loan agreement provides for obtaining the borrower's consent that in the event of failure to fulfill the obligations stipulated by the agreement, foreclosure on the pledged item is carried out without a notary's writ of execution.

2.1.3. The date of conclusion of the Agreement is the date of receipt by the parties:

— Citizen – loan amount;

- Pawnshop - collateral.

2.1.4. The expiration of the Agreement is considered to be the fulfillment of the obligations under the Agreement by the parties.

2.2. General terms and conditions of the consumer loan agreement and property pledge.

2.2.1. The term for using the loan is established in the Agreement by agreement of the parties, but not more than 30 days.

2.2.2. If the Citizen-borrower (mortgagor) has not repaid the loan amount within the period established by the Agreement, the Pawnshop sets him a grace period of one month for repaying the loan (a month is considered equal to 30 days) and repurchasing the property. The start date of the grace period is the day following the loan repayment date specified in the Agreement.

2.2.3. During the grace period and in the subsequent period until the sale or redemption of the collateral, the pawnshop charges interest for using the loan.

2.2.4. The item being pledged is assessed in accordance with the prices and tariffs approved by the pawnshop at the time of conclusion of the Agreement.

2.2.5. The loan amount is determined by agreement of the parties and ranges from 20 to 100% of the estimated value of the jewelry pledged as collateral, but not less than 500 rubles secured by gold jewelry for any valuation category, and 100 rubles secured by silver jewelry for the 3rd valuation category (see “Tariffs applied at the Almaz pawnshop LLC when issuing loans and evaluating jewelry accepted as collateral”).

2.2.6. The amount of the interest rate for using the loan in the Agreement is established in accordance with the approved Tariffs applied by Almaz Pawnshop LLC when issuing loans and evaluating jewelry accepted as collateral.

2.2.7. The loan is provided in the currency of the Russian Federation - in rubles, at the pawnshop cash desk in cash.

2.2.8. Full cost of a consumer loan:

2.2.8.1. The full cost of a consumer loan is determined as a percentage per annum using the formula:

PSK=ix NBP x 100, where

PSK – the total cost of the loan in percent per annum;

NBP is the number of base periods in a calendar year. The length of the calendar year is recognized as three hundred sixty-five days;

• base period interest rate

2.2.8.2. The total cost of a consumer loan (loan) in monetary terms for a Pawnshop is the amount of interest accrued during the loan period. The PSC in monetary terms is calculated as follows: PSC (in monetary terms) = loan amount * interest rate per day * loan term, rounded to the nearest ruble.

2.2.9. When repaying a loan, a citizen-borrower is obliged to pay interest for the actual period of using the loan. Interest on the loan is calculated for the period of its actual use (within the maximum period). The period of actual use of the loan is considered to be the period from the date of provision of the loan until the date of repayment and (or) payment of interest for the use of the loan, or until the date of sale of the pledged item by the pawnshop, but within the maximum term of the agreement.

2.2.10. The amount of payment made by the borrower under the loan agreement, if it is insufficient to fully fulfill the obligations under the agreement, repays the borrower's debt in the following order:

1) interest debt on the payment date;

2) debt on the principal debt (loan).

2.2.11. Payment terms are determined by the decision of the Borrower within the term of the agreement and the grace period.

The borrower has the right:

1. repay the loan early:

The loan repayment operation is considered completed if the borrower has paid the full amount of interest for the period of actual use of the loan and repaid the full amount of the loan.

2. renew the loan agreement for a new term (renew the loan agreement for a new term of up to 30 days):

3. partially repay the amount of the loan provided:

The operation of partial repayment of the loan is carried out after full payment of interest on the loan for the previous period of actual use of the loan. A loan agreement is concluded with the borrower, indicating the new terms of the agreement and individual terms of the agreement; a new pledge ticket and individual terms of the agreement are issued for the remaining loan amount.

4. redeem separately items from the pledge:

The operation of partial redemption of individual products from the pledge is carried out after full payment of interest on the loan for the previous period of actual use. The borrower, at his choice, can repay the loan amount sufficient to purchase one or more products. The current loan agreement is closed and a new Agreement is concluded for the remaining loan amount corresponding to the loans issued for the products left as collateral, a new pledge ticket and individual terms of the agreement are issued.

A new loan agreement, when carrying out the above operations (extension, partial repayment and partial redemption, separate redemption), is concluded in accordance with the Tariffs applied by Almaz pawnshop LLC when issuing loans and assessing jewelry accepted as collateral, valid on the date of the transaction I'll borrow.

2.2.12. The final payment under the Agreement is made on the day the loan is repaid, and the Pawnshop returns the pledged property to the Citizen.

2.2.13. Only the Citizen-Pledgor who has entered into an Agreement with the Pawnshop can receive his property (redeem it from the pledge) upon presentation of the original pledge ticket agreement and one of the documents specified in clause 2.1.2 of these Rules.

2.2.14 A third party may redeem the pledged property upon presentation of the original pledge ticket and with a duly executed power of attorney:

— power of attorney, notarized;

— or another power of attorney, the requirements for certification of which are provided for by the legislation of the Russian Federation.

In case of redemption of collateral by power of attorney, the client’s representative must provide to the pawnshop: a short-term loan agreement, a power of attorney, and a passport identifying the representative.

2.2.15. The citizen-borrower has the right to repurchase the collateral by cash and non-cash payments.

Non-cash payments are carried out in accordance with the bank's requirements for the use of terminal payment devices installed in the Lombard. If the specified requirements of the bank do not allow the Citizen-borrower to make a non-cash payment, the Pawnshop has the right to refuse the Citizen-borrower to make a non-cash payment.

2.2.16. If the loan is repaid on the day of its issuance, repayment is carried out

-by cash payment, if the loan was issued in cash

-by non-cash payment, if the loan was made by transfer to the borrower’s bank card.

2.3. Sale of unclaimed property from a pawnshop

2.3.1. If the loan is not repaid within the time period established by the Agreement, the pledged property, in accordance with the terms of the Agreement, upon expiration of the grace period specified in clause 2.2.2, is transferred by the Pawnshop for sale in the manner established by Federal Law of July 19, 2007 N 196-FZ “On Pawnshops” " After the sale of the pledged item, the pawnshop's debt to the pledgor (debtor) is repaid, even if the amount received from the sale of the pledged property is insufficient to fully satisfy them.

2.3.2. The purpose of selling an unclaimed item is to satisfy the pawnshop's requirements for the borrower, determined in accordance with the terms of the loan agreement on the day of sale of the unclaimed item.

2.3.3. The borrower (mortgagor), at any time before the sale of an unclaimed item, has the right to stop foreclosure on it, having fulfilled his obligations to the pawnshop.

2.3.4. The sale of an unclaimed item that has been foreclosed on is carried out through its sale, including through open auction. The form and procedure for selling an unclaimed item (value) is determined by the decision of the pawnshop based on the quality, estimated value and possibility of selling the product:

- in a public form, through a retail purchase and sale agreement, which is considered concluded in the proper form from the moment the cash and sales receipts are issued to the buyer (clause 2 of Article 492 of the Civil Code, Article 493 of the Civil Code);

— sales under a purchase and sale agreement to specialized organizations or entrepreneurs;

- if the value of the unclaimed item exceeds 300,000 (Three hundred thousand) rubles, its sale is carried out only through sale at open auction. If the auction is declared invalid, the pawnshop has the right to reduce the initial price of the item during repeated auctions, but not more than ten percent lower than the initial price at the previous auction. Repeated bidding may be carried out through a public offer.

2.3.5. The amount of the borrower's obligations to the pawnshop includes:

– the amount of the loan provided;

• interest for the use of the loan, calculated for the period of its actual use in accordance with the interest rate on the loan established by the loan agreement, while the period of actual use of the loan is considered to be the period from the date of provision of the loan to the date of its return and payment of interest for the use of the loan, inclusive (except for cases repayment of the loan on the day of its issuance) or sale by the pawnshop of the pledged item, except for the case specified in Part 4 of Article 4 of Federal Law No. 196 “On Pawnshops”.

2.3.6. If, after the sale of unclaimed property, the amount of the Citizen-borrower's obligations to the Pawnshop turns out to be lower than the amount received from the sale of unclaimed property, the Pawnshop is obliged to issue funds to him on the basis of a written request from the Citizen, if such a request was received within three years from the date of sale of the unclaimed property. If, within the specified period, the Citizen does not apply for the receipt of funds due to him, such funds are converted into the income of the Pawnshop.

2.4. Seizure and seizure of collateral

2.4.1. In case of seizure of the collateral in accordance with the criminal procedural legislation of the Russian Federation or seizure in accordance with the legislation of the Russian Federation on administrative offenses, the contract is terminated.

2.4.2. The pawnshop, within 3 working days from the date of seizure or seizure, is obliged to notify the borrower in writing about this fact by registered mail with a list of the contents and a receipt.

The notice must contain the following information:

— date of seizure or removal;

— the basis of the excavation or seizure;

— name of the authority that carried out the seizure;

- the amount of obligations of the Citizen-borrower (mortgagor) to the Pawnshop.

The form of notification is given in Appendix No. 3 to these Rules.2.4.3. The consequences of seizure or withdrawal of collateral for the Citizen-borrower, his obligations and rights in such cases are determined in accordance with Federal Law of July 19, 2007 No. 196-FZ “On Pawnshops”.

3. Final provisions

3.1. In case of loss of the pledge ticket, the citizen-borrower submits a statement of loss or theft of the pledge ticket addressed to the head of the Almaz pawnshop LLC.

Based on the application and the applicant’s identification document, the Pawnshop issues a duplicate of the pawn ticket in accordance with the documents available at the Pawnshop.

3.2. The return of the pledged property (after repayment of the loan and interest on it), as well as the provision of any information about the terms of the transaction, is carried out only with the personal appearance of the pledgor or his representative, whose rights to perform certain actions in the pawnshop must be confirmed by a duly executed power of attorney. The fact of close kinship in itself (without a properly executed power of attorney) for a relative of the pledgor does not give any rights (including the right to receive information about the pledged property). In the event of the death of the mortgagor and before the issuance of a certificate of inheritance in the prescribed manner, the necessary powers in relation to the property are exercised by the notary in charge of the inheritance case, or by persons authorized by the notary.

3.3. In all other respects not provided for by these Rules, the parties to credit and collateral transactions are guided by the legislation of the Russian Federation.

3.4. These rules are amended, supplemented and repealed in accordance with changes made to the current legislation of the Russian Federation.

Appendix No. 1 “Form of pledge ticket”

Appendix No. 2 “Form of Individual Terms of a Consumer Loan”

Appendix No. 3 “Seizure Notification Form”

Appendix No. 4 “Form Permission to conduct an examination”

Do I need to draw up a loan agreement when receiving money from a pawnshop?

The agreement not only stipulates all the conditions between the pawnshop lender and you, it also legally protects your rights. If, when receiving a loan from a pawnshop, you are not offered to sign an agreement, we do not recommend dealing with this organization at all. There is a high probability that these are scammers.

However, the mere existence of an agreement does not guarantee the protection of your rights. Review the contract. It must include the following information:

• Characteristics of the pledged product (name, weight, purity, visual characteristics).
• For how long did you receive the loan?
• What percentage will be charged?
• Under what conditions can you return your product?
• Is there a minimum loan repayment period? For example, a condition may be stated: you must pay interest to the pawnshop for at least 15 days, even if you buy the product the very next day after signing the contract.

The pledge agreement, according to Article 339 of the Civil Code of the Russian Federation, is drawn up in simple written form - its certification by a notary is not required. By the way, the receipt also has legal force. But the terms of the loan are not presented in such detail.