Pawnbroking industry: Extension of the pledge realization period

In the pawnbroking industry, pawnbrokers must liquidate the pawn no later than 6 months after the authorization to liquidate has expired.

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

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

Please contact the respective city / municipality (public order office) in which you have your registered office.

• Identity card or passport, if applicable
• Pawnbroker's license, if applicable
• Documents documenting the important reason

Good cause exists if:

• there is a conflict between the pawnbroker's obligations under the Pawnbroker Ordinance and other legal provisions,
• a postponement of the realization is in the interest of the pledger, e.g. if, for seasonal reasons, a more favorable result can be achieved for the pledger in a later realization despite the interest and costs that continue to accrue,
• if a legal dispute is pending regarding the ownership of the pledge or the creation of the lien.

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

A fee of 30.50 euros will be charged