Pawn Ballot Example

The pawn ballot It is a document that protects a loan that a person or institution makes to a person, also called a pledge, who leaves an object in the possession of the lender, as a pledge or guarantee for the money lent, agreeing one or more dates of pay.

It is also foreseen that in case of not paying the loan on the date, an endorsement can be made, that is, an extension of the payment time. Depending on the person or institution making the loan, endorsements can be limited or unlimited.

In case of not making the endorsements or not paying the loan, the lender acquires rights to dispose of the pledge, taking it to the auction, or what is the same, for sale.

Tax legislation establishes that a pawn ballot must contain:

1. Name and printed address of the person who grants it, if it has several branches, indicate the branch that issues it, as well as its RFC.
2. The printed folio number.
3. Place and date of issue.
4. Name, address and RFC of the person in favor of whom it is issued.
5. Name and description of the garments.

6. Valuer's name
7. Appraisal amount and loan amount.
8. Amount of taxes caused by the transaction or merchandise.
9. Indicate the interest rate of the loan.
10. Indicate the CAT (Total Annual Cost) for the interest rate applied.
11. Indicate if the payment is made in an exhibition.

In addition, it is also expected that the pawn ballots will have a maximum validity of two years. They can only be printed by printers authorized by the Ministry of Finance, printing the RFC data, authorization number and date and the tax identification card.

It must also contain the following legends:

"The unauthorized reproduction of this receipt constitutes a crime under the terms of the tax provisions."
"Tax effects on payment"
"Payment in a single exhibition".

Pawn ballot example: