The BSP Media Release on Pawnshops

The Bangko Sentral ng Pilipinas (BSP) released on June 26, 2007 a precautionary guideline to the public in light of what it says are "numerous complaints brought to the attention of the Bangko Sentral ng Pilipinas (BSP). I am lifting the first and last entries:

1. Deal only with a pawnshop that has a current business/mayor’s permit issued by the city or municipality where the pawnshop is located and that is registered with the BSP. A pawnshop that has no business/ mayor’s permit and that is not registered with the BSP is operating illegally.

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7b. For complaints against pawnshops, please contact the BSP Consumer Affairs Group through the following: Telephone: 523-1706 or 524-6929 or 523-2582 (Direct Line) 524-7011 (Trunk Line) locals 3017/3018/2653/2562 Telephone: 523-3631 (Direct Line) 524-7011 local 2584 (Trunk Line)

Read the complete release here.