Pfandleihgewerbe: Verlängerung der Pfandverwertungsfrist

In the pawnbroking industry, pawnbrokers must realise the pledge no later than 6 months after the realisation entitlement has taken place.

At the request of the pawnbroker to the competent authority, the deadline may be extended for good cause.

The deadline shall be extended as long as the good cause is likely to exist. In the event of prevention by a judicial or administrative measure, the time limit shall be extended until the realisation of other pledges following the lifting of the measure.

• If applicable, identity card or passport
• If applicable, pawnbroking permit
• Documents documenting the important reason

An important reason exists if:

• there is a conflict of obligations of the pawnbroker under the Pawnbroker Ordinance and other legal provisions,
• postponement of realisation is in the interest of the pledger, e.g. if, for seasonal reasons, a more favourable result can be achieved for the pledger in the event of a subsequent realisation despite the interest and costs still incurred,
• if there is a dispute pending concerning the ownership of the pledge or the creation of the lien.

Fees of 30.50 euros will be charged

The application should be made as soon as the good cause exists.

Contact the respective city / municipality (Ordnungsamt) in which you have your place of business.