Money Lender

Querist : Anonymous (Querist) 16 May 2011 This query is : Resolved
Dear Sir,
I am a Registered Money Lender in Maha State Regd under Bombay Money Lenders Act.
I lend the Money on the basis of security Gold i.e Gold Loan.
My Qst is
Many Customers come & take the Gold Loan which I personally dont know them. what if the gold given as security is of robery.
What Precaution Should I take ? I usally take their ID Proof & Address Proof. If the gold is of robery can police seal the gold given to me.
What are the Security Measures in such case in order to secure my money? Please provide the detail guidence

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