---
title: "Who is a Pawn Broker?"  
description: "Who is a Pawn Broker?"  
author: "Lily Chitlangiya"  
published: 2021-12-01  
canonical: https://answers.mindstick.com/qa/94220/who-is-a-pawn-broker  
category: "law & legal issues"  
tags: ["laws", "laws and legal issues"]  
reading_time: 2 minutes  

---

# Who is a Pawn Broker?

Who is a Pawn [Broker](https://www.mindstick.com/articles/12949/reap-the-benefits-with-best-online-broker-in-india)?

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## Answers

### Answer by Sanjay Goenka

**A [pawnbroker](https://en.wikipedia.org/wiki/Pawnbroker) is a person who carried on the business of taking goods and articles and chattels in a pawn for a loan.** \
![Who is a Pawn Broker?](https://answers.mindstick.com/questionanswer/d68e81f5-b752-45d0-b1ac-fdc78e8daa4e/images/1f11dfe1-3710-4b18-b794-1af596e28732.jpeg)\
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The **Telangana pawnbrokers act, 2002** defines the term **‘Pawn Broker’** and says a person who carries on the business of taking goods and chattels in Pawn for a loan. To explain the term more clearly added an explanation in the act stated as **every person who has a shop for the sale of goods or chattels and purchases any goods or chattels and pays a sum of money or as an expressed sum. And after some time it can be repurchased or at any time will lie under this definition.** \
**The case related to the pawnshop** \
**M.Kewal Chandnd Sowcar vs The State of Madras and Ors. On 3 August 1956** \
The Bench, in this case, was the **Rajagopalan J. the petitioner** was a Pawnbroker and he has obtained a license under the Madras pawnbroker **act XXIII of 1943** in his petition he filed it on the basis the article **226 of the [constitution of India](https://answers.mindstick.com/qa/92617/how-you-define-constitution-of-india)** against the sub magistrate for proceeding with the inquiry against the petitioner, which is given under **section15 (1) of the pawnbroker act.** And in this case, the judge explained the definition of the pawnbroker broadly as it was defined in section 2 (6) and the main point of the judgment is that neither the act as a whole nor any of the provisions thereof are invalid and unenforceable. \


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Original Source: https://answers.mindstick.com/qa/94220/who-is-a-pawn-broker

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