Section 24: Pawn broker advancing smaller amount or receiving higher interest than that specified in the accounts to be punishable.
The Telangana Pawn Brokers Act, 2002.State Act of Telangana · Act 6 of 2002
(1) Any Pawn Broker, who actually advances an amount less than that shown in pawn-ticket or in his accounts or registers or who takes or receives interest or any other charge at a rate higher than that shown in the pawn-ticket or in his accounts or registers or allowed under this Act, shall be punished with imprisonment for a term which shall not be less than one year but which may extend to three years and with fine which may extend to rupees fifty thousand.
(2) If a Pawn Broker is convicted of offence under subsection (1) after having been previously convicted of such offence, the Court convicting him may order his licence as a pawn Broker to be cancelled.