Gov’t Enforces Regulations on Pawnshop Businesses

The Real Estate and Pawnshop Regulatory Authority requires the owners of companies and enterprises licensed to conduct mortgage and pawnshop businesses to use the new monthly and annual financial statements from 1 January 2023 onwards. 

According to the announcement of the real estate regulator and mortgage on 14 November2022, all company and enterprise owners are required to report their financial documents as defined in Prakas No. 030 MEF.PrK dated 13 January 2017. 

All companies must also send reports directly to the regulator in Khan Russey Keo and send e-documents through telegram on 078 266 268 during working hours from 1 January 2023 onwards. 

Business owners or clients who wish to open or use a mortgage business should first study the service clearly to avoid unexpected issues. (Read more)

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