Sec. 15.4. Collateral loan broker's notice to pledgor—six months after date of pledge

Each and every collateral loan broker is required to mail the following notice of election of intended sale. In the City of New York, the notice by a pledgor that a pledge be retained for one year shall be in the following form:

NOTICE TO PLEDGOR—SIX MONTHS AFTER DATE OF PLEDGE

TELEPHONE __

COLLATERAL LOAN BROKER'S NAME

ADDRESS

DATE __

Pledgor's Name and Address

You are hereby notified that six (6) months have expired since the date of your Loan No. __ for $__.

Unless you sign and return the request attached (enclosed) informing us of your desire to have the pledge retained for the period of one (1) year from its original date and remit with this request payment of all interest due for the first six months of the loan, this pledge will be sold at public auction after ______.

You are required by law to obtain a post office receipt when you return the attached (enclosed) form.

COLLATERAL LOAN BROKER'S NAME

 

PLEDGOR'S REQUEST THAT HIS PLEDGE BE HELD FOR ONE YEAR

(New York City Only)

DATE __

PLEDGE NO. __

To: Collateral Loan Broker's Name

 

 

Address

You are hereby requested to hold my pledge for the period of one (1) year from the Date of Pledge. Enclosed is a certified check or money order in the amount of $__ in payment of all interest due for the first six months of the loan.

Pledgor's Name __

Pledgor's Address __

 

COLLATERAL LOAN BROKER AND PLEDGOR

PLEASE NOTE: YOU ARE REQUIRED BY LAW TO OBTAIN A POST

 

OFFICE RECEIPT WHEN MAILING THIS NOTICE.