(1) Notwithstanding anything in this Act, a pawnbroker may make a special contract with a pawner in respect of a pledge on which the pawnbroker makes a loan of more than ten pounds.
(a) Where a pawnbroker makes a special contract with a pawner, the pawnbroker shall at the time of the pawning give to the pawner a special contract pawn-ticket which shall contain the particulars set out in the Third Schedule suitably modified to take account of the conditions applicable to the special contract, including any modification to the redemption period (being a period of not less than 4 months), and the pawn-ticket shall be signed by the pawnbroker and the pawner.
(b) A pawnbroker shall not take a pledge in pawn under a special contract under this section unless the pawner takes a special contract pawn-ticket.
(3) A duplicate of the special contract pawn-ticket shall be signed by the pawner.
(4) A special contract pawn-ticket and the duplicate thereof shall not be subject to stamp duty.
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