reglab/statecodes huggingface dataset:
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter B. Pawnshop License › Section 371.066. Temporary License

Sec. 371.066.  TEMPORARY LICENSE.  (a)  The commissioner may issue a temporary pawnshop license on receipt of an application:
(1)  to transfer a license from one person to another;  or
(2)  for a license involving principals and owners that are substantially identical to those of a pawnshop in operation at the time of receipt of the application.
(b)  A temporary license is effective until a permanent license is issued or denied.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 801, Sec. 3, eff. Sept. 1, 1999.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter B. Pawnshop License › Section 371.067. Contents and Display of License

Sec. 371.067.  CONTENTS AND DISPLAY OF LICENSE.  (a)  A license must state:
(1)  the name of the pawnbroker;  and
(2)  the address at which the business is to be conducted.
(b)  A pawnbroker shall display a license at the place of business provided on the license.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter B. Pawnshop License › Section 371.068. Multiple Places of Business

Sec. 371.068.  MULTIPLE PLACES OF BUSINESS.  (a)  A separate pawnshop license is required for each place of business operated under this chapter.
(b)  The commissioner may issue more than one license to a person if the person complies with this chapter for each license.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter B. Pawnshop License › Section 371.069. Change of Ownership

Sec. 371.069.  CHANGE OF OWNERSHIP.  (a)  An application for an original pawnshop license or the transfer of a pawnshop license is required if a change in direct or beneficial ownership of a licensed pawnshop occurs.
(b)  This section does not apply to a change in direct or beneficial ownership of a licensed pawnshop if the pawnshop is owned directly or beneficially by a person who:
(1)  is an issuer of securities who is described by Section 371.054(c)(1);
(2)  is described by Section 371.054(c)(2) and has submitted to the commissioner each filing required by Section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. Section 78o(d)) and paid a filing fee of $100 with each;  and
(3)  has filed information on officers and directors of the issuer or any licensed or intermediate subsidiary as required by Section 371.054 for officers and directors of a corporation.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter B. Pawnshop License › Section 371.070. Transfer or Assignment of License

Sec. 371.070.  TRANSFER OR ASSIGNMENT OF LICENSE.  A pawnshop license may be transferred or assigned only with the approval of the commissioner.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter B. Pawnshop License › Section 371.071. Application for Relocation

Sec. 371.071.  APPLICATION FOR RELOCATION.  A pawnbroker who wishes to move a pawnshop from the location provided on the license must make application to the commissioner before the 30th day preceding the date the pawnbroker moves.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 1399, Sec. 3, eff. Sept. 1, 1999.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter B. Pawnshop License › Section 371.072. Net Assets Requirement

Sec. 371.072.  NET ASSETS REQUIREMENT.  (a)  Except as provided by Subsection (b), a pawnbroker shall maintain net assets of at least $150,000 that are used or readily available for use in the business of each pawnshop.
(b)  A pawnbroker who held a license under this chapter before September 1, 1999, shall maintain net assets that are used or readily available for use in the business for that existing license of at least the amount required on August 31, 1999.  The net assets requirement of this subsection remains in effect without regard to a change in ownership or relocation of the license.
(c)  Net assets must be represented by a capital investment unencumbered by a lien or other encumbrance and subject to a claim by a general creditor.
Text of subsec. (d) as amended by Acts 1999, 76th Leg., ch. 801, Sec. 4
(d)  Subject to Subsection (b), a pawnbroker shall maintain for each pawnshop net assets, as that term was defined at the time the license was issued, that are used or readily available for use in the business of the pawnshop of at least the amount required on:
(1)  August 31, 1981, if the pawnbroker held a license on that date;  or
(2)  June 20, 1987, if the pawnbroker held a license on that date but did not hold a license on August 31, 1981.
Text of subsec. (d) as relettered from subsec. (f) and amended by Acts 1999, 76th Leg., ch. 1399, Sec. 4
(d)  In this section, "capital investment" means:
(1)  common or preferred shares and capital or earned surplus as those terms are defined by the Texas Business Corporation Act if the pawnbroker is a corporation;  or
(2)  a substantial equivalent of items described by Subdivision (1), as determined by generally accepted accounting principles, if the pawnbroker is not a corporation.
Text of subsec. (e) as amended by Acts 1999, 76th Leg., ch. 801, Sec. 4
(e)  Subject to Subsection (d), net assets must be represented by a capital investment unencumbered by a lien or other encumbrance and subject to a claim by a general creditor.
Text of subsec. (e) as relettered from subsec. (g) and amended by Acts 1999, 76th Leg., ch. 1399, Sec. 4
(e)  Subsection (b) applies to a change in ownership that is:
(1)  a transaction involving a different owner who had a significant family or business relationship with a prior owner before the transaction;
(2)  a transaction in which:
(A)  only the number or proportionate ownership of owners of a business changes;  and
(B)  an individual who was not an owner before the transaction is not an owner after the transaction;  or
(3)  a change in ownership that occurs by testate or intestate disposition.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 801, Sec. 4, eff. Sept. 1, 1999;  Acts 1999, 76th Leg., ch. 1399, Sec. 4, eff. Sept. 1, 1999.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter B. Pawnshop License › Section 371.073. Appointment of Agent

Sec. 371.073.  APPOINTMENT OF AGENT.  (a)  A pawnbroker shall maintain on file with the commissioner the name and address of the pawnbroker's registered agent for service of process.
(b)  Repealed by Acts 2023, 88th Leg., R.S., Ch. 159 (S.B. 1371), Sec. 34(4), eff. September 1, 2023.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 159 (S.B. 1371), Sec. 26, eff. September 1, 2023.
Acts 2023, 88th Leg., R.S., Ch. 159 (S.B. 1371), Sec. 34(4), eff. September 1, 2023.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter B. Pawnshop License › Section 371.074. Pawnbroker Responsible for Employees and Agents

Sec. 371.074.  PAWNBROKER RESPONSIBLE FOR EMPLOYEES AND AGENTS.  A license holder under this subchapter is responsible for all acts of the license holder's officers, directors, employees, and agents acting on behalf of the pawnshop.
Added by Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 71, eff. September 1, 2019.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter C. Pawnshop Employee License Program › Section 371.101. Pawnshop Employee License Program

Sec. 371.101.  PAWNSHOP EMPLOYEE LICENSE PROGRAM. (a) A pawnbroker may, but is not required to, participate in the pawnshop employee license program by notifying the commissioner in writing on a form prescribed by the commissioner.
(a-1)  A pawnbroker may submit a written notification to participate in the pawnshop employee license program under Subsection (a):
(1)  at the time of the pawnbroker's original license application;
(2)  at the time of a renewal of the pawnbroker's license; or
(3)  at another time prescribed by the commissioner.
(a-2)  A pawnbroker may notify the commissioner in writing of the pawnbroker's intention to no longer participate in the pawnshop employee license program at any time notification is permitted under Subsection (a-1). On receipt by the commissioner of a pawnbroker's notification under this subsection, the pawnbroker will no longer be a part of the pawnshop employee license program unless the pawnbroker resubmits a new notification for participation under Subsection (a-1).
(b)  An individual who begins employment at a pawnshop for a pawnbroker that participates in the pawnshop employee license program under Subsection (a), as a condition of employment, must apply to the commissioner for a pawnshop employee license not later than the 75th day after the date employment begins.  The individual may continue employment until the license is issued or denied.
(c)  If a pawnbroker participates in the pawnshop employee license program under Subsection (a), the participating pawnbroker may not employ an individual to write a pawn transaction, buy or sell merchandise, or supervise another employee who writes pawn transactions or buys or sells merchandise unless the individual:
(1)  has complied with Subsection (b) but has not been issued or denied a license; or
(2)  holds a pawnshop employee license.
(d)  Subsection (c) does not apply to an individual who:
(1)  has an ownership interest in the pawnshop license; and
(2)  is named on the application.
(e)  Subject to Section 14.112, the Finance Commission of Texas shall adopt rules to administer the pawnshop employee license program.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 1399, Sec. 5, eff. Sept. 1, 1999.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 73, eff. September 1, 2019.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter C. Pawnshop Employee License Program › Section 371.102. Eligibility

Sec. 371.102.  ELIGIBILITY.  (a)  To be eligible for a pawnshop employee license, an individual must:
(1)  be of good business repute;
(2)  possess the character and general fitness necessary to warrant belief that the individual will operate the business lawfully and fairly under this chapter; and
(3)  be employed by a pawnbroker that participates in the pawnshop employee license program under Section 371.101.
(b)  For purposes of a disqualification under Chapter 53, Occupations Code, the commissioner is a licensing authority.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 14.749, eff. Sept. 1, 2001.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 74, eff. September 1, 2019.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter C. Pawnshop Employee License Program › Section 371.103. License Application; Fees

Sec. 371.103.  LICENSE APPLICATION;  FEES.  (a)  An application for a pawnshop employee license must state:
(1)  the applicant's name and address;
(2)  the name of the pawnshop at which the applicant is employed;
(3)  whether the applicant has:
(A)  been convicted of or is under indictment for a crime;
(B)  had a license to engage in an occupation, business, or profession revoked or suspended;  or
(C)  been denied an occupational, business, or professional license, including a pawnshop employee license, in this or another state;
(4)  if the applicant has had a license described by Subdivision (3)(B) revoked or suspended, the reason for the action;
(5)  each business or occupation in which the applicant engaged for the five years preceding the date of application;  and
(6)  other relevant information the commissioner requires.
(b)  The application must be accompanied by an investigation and annual fee in an amount determined as provided by Section 14.107.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 75, eff. September 1, 2019.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter C. Pawnshop Employee License Program › Section 371.104. Approval or Denial of Application

Sec. 371.104.  APPROVAL OR DENIAL OF APPLICATION.  (a)  Not later than the 60th day after the date an application is filed, the commissioner shall determine whether the applicant qualifies for a pawnshop employee license.
(b)  The commissioner shall approve the application and issue a license if the commissioner finds that the applicant qualifies for a license.
(c)  If the commissioner does not make the finding required by Subsection (b), the commissioner in writing shall notify the applicant and the employing pawnbroker that the application will be denied unless the applicant, in writing and not later than the 30th day after the date of the notice, requests a hearing on the application.
(d)  An application is denied on the 31st day after the date of the notice if the applicant does not request a hearing in the time allowed.
(e)  If an applicant requests a hearing in the time allowed, the commissioner shall conduct a hearing on the application.  On the conclusion of the hearing, the commissioner shall approve or deny the application.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter C. Pawnshop Employee License Program › Section 371.105. License Term

Sec. 371.105.  LICENSE TERM.  A pawnshop employee license is valid for the period prescribed by finance commission rule adopted under Section 14.112.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 76, eff. September 1, 2019.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter C. Pawnshop Employee License Program › Section 371.106. License Fee; Expiration

Sec. 371.106.  LICENSE FEE; EXPIRATION. (a) Not later than the 30th day before the date the license expires, a pawnshop employee license holder shall pay to the commissioner a fee in an amount determined as provided by Section 14.107.
(b)  The commissioner shall send written notice of delinquency to a license holder who does not pay the fee on or before the 30th day before the date the license expires.
(c)  If the fee for a license is not paid before the 16th day after the date of the delinquency notice, the license expires on that day.
(d)  A pawnshop employee license expires on the 30th day after the last day of employment if the license holder:
(1)  ceases to be employed by a pawnbroker that participates in the pawnshop employee license program under Section 371.101; and
(2)  is not employed within that time by another pawnbroker that participates in the pawnshop employee license program.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 1399, Sec. 6, eff. Sept. 1, 1999.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 77, eff. September 1, 2019.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter C. Pawnshop Employee License Program › Section 371.107. Grounds for Refusal to Renew

Sec. 371.107.  GROUNDS FOR REFUSAL TO RENEW.  The commissioner may refuse to renew the pawnshop employee license of a person who fails to comply with an order issued by the commissioner to enforce this chapter.
Added by Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 78, eff. September 1, 2019.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.151. Hours of Operation

Sec. 371.151.  HOURS OF OPERATION.  (a)  A pawnbroker shall maintain normal business hours of at least four hours a day for five days a week.
(b)  A pawnbroker may not do business before 7 a.m. or after 9 p.m.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.152. Recordkeeping

Sec. 371.152.  RECORDKEEPING.  (a)  A pawnbroker, consistent with accepted accounting practices, shall keep adequate books and records relating to the pawnbroker's pawn transactions and any other business regulated by this chapter.
(b)  Books and records shall be preserved at least until the second anniversary of the date of the last transaction recorded.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.153. Notice of Operation of Other Business

Sec. 371.153.  NOTICE OF OPERATION OF OTHER BUSINESS.  (a)  A pawnbroker shall notify the commissioner before the pawnbroker allows another person to conduct at the pawnshop a business other than the business of a pawnbroker or the business of buying and selling goods.
(b)  The commissioner may refuse to permit a person other than the pawnbroker to operate the other business on the pawnshop premises if the commissioner finds that the operation is inconsistent with this chapter.
(c)  A pawnbroker shall notify the commissioner of any location at which the pawnbroker or an applicant for a pawnshop license operates a buy shop, secondhand merchandise store, retail outlet, or similar business or any business to which the pawnbroker regularly transfers goods from the pawnshop.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 801, Sec. 5, eff. Sept. 1, 1999.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.154. Insurance and Bond

Sec. 371.154.  INSURANCE AND BOND.  (a)  A pawnbroker shall maintain general liability and fire insurance:
(1)  in a reasonable amount and form required by the commissioner;  and
(2)  sufficient to protect pledged goods, including jewelry, at the pawnshop.
(b)  A pawnbroker shall secure a bond:
(1)  in the amount, not to exceed $5,000, required by the commissioner;
(2)  in the form required by the commissioner;  and
(3)  conditioned on compliance with this chapter and rules adopted under this chapter.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 801, Sec. 6, eff. Sept. 1, 1999.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.155. Pawnshop Security

Sec. 371.155.  PAWNSHOP SECURITY.  A pawnshop shall have:
(1)  one or more alarm systems sufficient to detect and signal unauthorized entry or the presence of an unauthorized person to provide for the security of pledged goods;  and
(2)  a safe to provide for the security of pledged jewelry.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 801, Sec. 7, eff. Sept. 1, 1999.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.156. Pawn Transaction

Sec. 371.156.  PAWN TRANSACTION.  (a)  Items that are usually sold as a set are considered a single item and must be included in the same pawn transaction.
(b)  A pledged item together with items that are accessories to the pledged item are considered a single item and must be included in the same pawn transaction.
(c)  A separate pawn transaction retains its separate character when it is renewed, unless the parties agree otherwise.
(d)  A pawnbroker may not divide a pawn transaction into more than one transaction to obtain, or with the effect of obtaining, a total pawn service charge that exceeds the charge authorized for an amount financed that is equal to the total of the amounts financed in the resulting transactions.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.157. Pawn Ticket

Sec. 371.157.  PAWN TICKET.  A pawnbroker, at the time a pawn transaction is entered, shall deliver to the pledgor a pawn ticket or other memorandum that clearly shows:
(1)  the name and address of the pawnshop;
(2)  the pledgor's name, address, and physical description and a driver's license number, military identification number, identification certificate number, or other official number that can identify the pledgor;
(3)  the date of the transaction;
(4)  an identification and description of the pledged goods, including serial numbers if reasonably available;
(5)  the amount of cash advanced or credit extended to the pledgor, designated as "Amount Financed";
(6)  the amount of the pawn service charge, designated as "Finance Charge";
(7)  the total amount, consisting of the amount financed plus the finance charge, that must be paid to redeem the pledged goods on the maturity date, designated as "Total of Payments";
(8)  the "Annual Percentage Rate," computed according to Regulation Z (12 C.F.R. Part 1026) adopted by the Consumer Financial Protection Bureau under the Truth in Lending Act (15 U.S.C. Section 1601 et seq.), as amended;
(9)  the maturity date of the pawn transaction; and
(10)  a statement that:
(A)  the pledgor is not obligated to redeem the pledged goods; and
(B)  the pledged goods may be forfeited to the pawnbroker on the 31st day after the maturity date.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2003, 78th Leg., ch. 1199, Sec. 1, eff. Sept. 1, 2003.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 159 (S.B. 1371), Sec. 27, eff. September 1, 2023.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.158. Amount Financed

Sec. 371.158.  AMOUNT FINANCED.  The amount financed by a pawn transaction may not exceed the amount computed under Subchapter C, Chapter 341, using the reference amount of $2,500.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.159. Pawn Service Charge

Sec. 371.159.  PAWN SERVICE CHARGE.  (a)  A pawnbroker may not contract for, charge, or receive an amount, other than a pawn service charge, as a charge for credit in connection with a pawn transaction.
(b)  A pawn service charge may not exceed the charge disclosed in the pawn ticket or other memorandum delivered to the pledgor.
(c)  A pawn service charge may not exceed an amount equal to:
(1)  20 percent of the total amount financed for one month if that amount is less than or equal to the amount computed under Subchapter C, Chapter 341, using the reference amount of $30;
(2)  15 percent of the total amount financed for one month if that amount is more than the amount computed for Subdivision (1) but less than or equal to the amount computed under Subchapter C, Chapter 341, using the reference amount of $200;
(3)  2-1/2 percent of the total amount financed for one month if that amount is more than the amount computed for Subdivision (2) but less than or equal to the amount computed under Subchapter C, Chapter 341, using the reference amount of $300;  or
(4)  1 percent of the total amount financed for one month if that amount is more than the amount computed for Subdivision (3).
(d)  A rate set by Subsection (c) shall be proportionately adjusted for a finance period of less than one month.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2001, 77th Leg., ch. 1235, Sec. 22, eff. Sept. 1, 2001.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.160. Maturity Date; Memorandum of Extension

Sec. 371.160.  MATURITY DATE;  MEMORANDUM OF EXTENSION.  (a)  A pawnbroker may not enter a pawn transaction that has a maturity date later than one month after the date of the transaction.
(b)  The pledgor and the pawnbroker by written agreement may change the maturity date of a pawn transaction to a subsequent date.
(c)  The written agreement must clearly set out:
(1)  the new redemption date;  and
(2)  the amount of any additional pawn service charge.
(d)  The pawnbroker must provide a copy of the written agreement to the pledgor.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.161. Early Redemption: Reduction of Pawn Service Charge

Sec. 371.161.  EARLY REDEMPTION:  REDUCTION OF PAWN SERVICE CHARGE.  If a pledgor redeems the pledged goods before the maturity date of the pawn transaction, any part of the pawn service charge that exceeds $15 shall be reduced by an amount equal to one-thirtieth of the total pawn service charge for each day between the date on which redemption occurs and the original maturity date.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.162. Presentation of Ticket; Presumption

Sec. 371.162.  PRESENTATION OF TICKET;  PRESUMPTION.  Except as provided by Section 371.163(a), a person who presents proper identification and a pawn ticket to the pawnbroker is presumed to be entitled to redeem the pledged goods described by the pawn ticket.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 801, Sec. 8, eff. Sept. 1, 1999.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.163. Lost or Destroyed Ticket

Sec. 371.163.  LOST OR DESTROYED TICKET.  (a)  If a pawn ticket is lost, destroyed, or stolen, the pledgor may notify the pawnbroker of that fact in writing.  Receipt of this notice invalidates the pawn ticket if the pledged goods have not been redeemed.
(b)  The pawnbroker shall require the pledgor to make a written statement of the loss, destruction, or theft before the pawnbroker delivers the pledged goods or issues a new pawn ticket.
(c)  The pawnbroker shall record on the written statement:
(1)  the date the statement is made;  and
(2)  the number of the pawn ticket lost, destroyed, or stolen.
(d)  The statement must be signed by the pawnbroker or the pawnshop employee who accepts the statement from the pledgor.
(e)  A pawnbroker is entitled to a fee of not more than $1 in connection with the accepting of a written statement under this section.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 801, Sec. 9, eff. Sept. 1, 1999.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.164. Duty of Reasonable Care

Sec. 371.164.  DUTY OF REASONABLE CARE.  A pawnbroker shall exercise reasonable care to protect pledged goods from loss or damage.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.165. Return of Pledged Goods

Sec. 371.165.  RETURN OF PLEDGED GOODS.  A pawnbroker shall return pledged goods to the pledgor on payment of the total amount due the pawnbroker in connection with the pawn transaction.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.166. Redemption by Mail

Sec. 371.166.  REDEMPTION BY MAIL.  A pawnbroker shall permit a pledgor to redeem pledged goods by mail.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.167. Lost or Damaged Goods

Sec. 371.167.  LOST OR DAMAGED GOODS.  (a)  A pawnbroker shall replace pledged goods that are lost or damaged while in the pawnbroker's possession with like kind merchandise.  The replacement is subject to approval by the commissioner and the pledgor must exhaust this administrative remedy with respect to the lost or damaged pledged goods before seeking a remedy in court.  If the commissioner does not approve a replacement before the 91st day after the date on which the commissioner receives a complaint from the pledgor concerning the lost or damaged goods, or if the pledgor does not accept the commissioner's determination, the pledgor may seek a remedy in court.
(b)  For purposes of this section, goods are considered lost if the goods are destroyed or have disappeared and are unavailable for return to the pledgor.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 1399, Sec. 7, eff. Sept. 1, 1999.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.168. Exemption From Criminal Liability

Sec. 371.168.  EXEMPTION FROM CRIMINAL LIABILITY.  A pawnbroker is not criminally liable for damages or loss due to an act of God or circumstances beyond the pawnbroker's control.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.169. Unredeemed Pledged Goods; Forfeiture

Sec. 371.169.  UNREDEEMED PLEDGED GOODS;  FORFEITURE.  (a)  A pawnbroker shall hold pledged goods not redeemed by the pledgor on or before the maturity date stated in the pawn ticket issued in connection with a pawn transaction for at least 30 days after that date.
(b)  On or before the 30th day after the original maturity date, the pledgor may redeem the pledged goods by paying:
(1)  the originally agreed redemption price;  and
(2)  an additional pawn service charge equal to one-thirtieth of the original monthly pawn service charge for each day after the original maturity date, including the day on which the pledged goods are finally redeemed.
(c)  Pledged goods not redeemed on or before the 30th day after the original maturity date may, at the option of the pawnbroker, be forfeited to the pawnbroker.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2001, 77th Leg., ch. 1235, Sec. 23, eff. Sept. 1, 2001.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.170. Redemption or Payment by Pledgor Not Required

Sec. 371.170.  REDEMPTION OR PAYMENT BY PLEDGOR NOT REQUIRED.  A pledgor is not obligated to redeem pledged goods or to make a payment on a pawn transaction.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.171. Agreement Requiring Pledgor's Personal Liability Prohibited

Sec. 371.171.  AGREEMENT REQUIRING PLEDGOR'S PERSONAL LIABILITY PROHIBITED.  A pawnbroker may not enter an agreement requiring the personal liability of the pledgor in connection with a pawn transaction.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.172. Waiver of Pledgor's Rights Prohibited

Sec. 371.172.  WAIVER OF PLEDGOR'S RIGHTS PROHIBITED.  A pawnbroker may not accept a waiver of a right or protection of a pledgor under this chapter.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.173. Insurance Charge Limited

Sec. 371.173.  INSURANCE CHARGE LIMITED.  A pawnbroker may not impose a charge for insurance in connection with a pawn transaction, except that a pawnbroker may impose a charge in the amount of the actual cost to insure pledged goods being shipped to a pledgor who redeemed the goods by mail.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.174. Identification of Pledgor or Seller Required

Sec. 371.174.  IDENTIFICATION OF PLEDGOR OR SELLER REQUIRED.  (a)  A pawnbroker shall require identification of:
(1)  the pledgor if a transaction is a pawn transaction;  or
(2)  the seller if a transaction is a purchase of goods by the pawnbroker.
(b)  Identification is acceptable only if it contains a photograph of the pledgor or seller and is:
(1)  a state driver's license;
(2)  a state identification card;
(3)  a passport;
(4)  a military identification;
(5)  a certificate of identification from the Mexican Consulate, certificado de matricula consular;  or
(6)  identification issued by the agency of the United States responsible for citizenship and immigration.
(c)  A pawnbroker shall make the pawnbroker's best effort to determine whether the identification:
(1)  is apparently genuine and unaltered;  and
(2)  properly identifies the pledgor or seller.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2003, 78th Leg., ch. 1199, Sec. 2, eff. Sept. 1, 2003.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.175. Property Identification Tags Required

Sec. 371.175.  PROPERTY IDENTIFICATION TAGS REQUIRED.  (a)  A pawnshop shall identify by a tag or similar means each item of goods located in the pawnshop that:
(1)  has a retail or sale value of more than $25;  and
(2)  can be tagged or similarly identified.
(b)  This section does not apply to:
(1)  the personal effects of a person in the pawnshop;  or
(2)  furniture, fixtures, or equipment of the pawnshop.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 801, Sec. 10, eff. Sept. 1, 1999.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.176. Transactions With Minors or Persons Under the Influence of Alcohol or Drugs Prohibited

Sec. 371.176.  TRANSACTIONS WITH MINORS OR PERSONS UNDER THE INFLUENCE OF ALCOHOL OR DRUGS PROHIBITED.  A pawnbroker may not:
(1)  accept a pledge or purchase property from a person under 18 years of age;  or
(2)  transact business with a person believed to be under the influence of alcohol or drugs.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 801, Sec. 11, eff. Sept. 1, 1999.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.177. Purchase of Used Personal Property

Sec. 371.177.  PURCHASE OF USED PERSONAL PROPERTY.  A pawnbroker may not purchase used personal property from a person other than another pawnbroker unless a record is established that contains:
(1)  the seller's name, address, and physical description and a driver's license number, military identification number, identification certificate number, or other official number that can identify the seller;
(2)  a complete description of the property, including the serial number, if reasonably available, or other identifying characteristics;  and
(3)  the seller's signed statement that the seller has the right to sell the property.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.178. Acceptance of Building Construction Materials

Sec. 371.178.  ACCEPTANCE OF BUILDING CONSTRUCTION MATERIALS.  (a)  A pawnbroker may not accept the pledge of building construction materials unless a record is established that contains the information required by Section 371.177.
(b)  In this section, "building construction materials" includes:
(1)  copper pipe, tubing, or wiring;
(2)  aluminum wire;
(3)  plumbing supplies;
(4)  electrical supplies;
(5)  window glass;
(6)  lumber;  and
(7)  other similar materials.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.179. Displays of Certain Weapons Prohibited

Sec. 371.179.  DISPLAYS OF CERTAIN WEAPONS PROHIBITED.  A pawnbroker may not display for sale in a storefront window or sidewalk display case or depict on a sign or advertisement in such a way that the item, sign, or advertisement may be viewed from a street:
(1)  a pistol;
(2)  a dirk;
(3)  a dagger;
(4)  a blackjack;
(5)  a hand chain;
(6)  a sword cane;
(7)  knuckles made of metal or any other hard substance;  or
(8)  a switchblade, springblade, or throwblade knife.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.180. Advertisements

Sec. 371.180.  ADVERTISEMENTS.  (a)  A person who does not hold a pawnshop license may not:
(1)  advertise or cause to be advertised the making, arranging, or negotiating of a loan subject to this chapter;  or
(2)  use in an advertisement a word, symbol, or statement that states or suggests that the person is a pawnbroker.
(b)  In each advertisement that purports to offer credit subject to this chapter, the advertiser shall disclose the legal or registered name of the advertiser and the physical address of the advertiser's place of business.  This subsection does not apply to an advertisement located on the premises of the advertiser's place of business.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.181. Stolen Goods

Sec. 371.181.  STOLEN GOODS.  (a)  A pawnbroker shall monitor goods purchased, accepted in pawn, or otherwise acquired by the pawnbroker in order to identify and prohibit transactions involving stolen goods.
(b)  The Finance Commission of Texas shall adopt rules that allow:
(1)  a consumer who has filed an offense report with a local law enforcement agency to request that a pawnbroker search the records of the pawnshop;  and
(2)  the pawnbroker to assist the consumer and the local law enforcement agency in locating and recovering stolen property.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2001, 77th Leg., ch. 867, Sec. 101, eff. Sept. 1, 2001.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.182. Hold Period

Sec. 371.182.  HOLD PERIOD.  The commissioner may designate a reasonable hold period during which a pawnbroker may not sell or otherwise dispose of an item of goods acquired and offered for sale or other disposition by the pawnbroker.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 801, Sec. 12, eff. Sept. 1, 1999.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter D. Operation of Pawnshops › Section 371.183. Consumer Information

Sec. 371.183.  CONSUMER INFORMATION.  The Finance Commission of Texas by rule may require a pawnshop to display, in an area in the pawnshop accessible to a consumer, materials provided by the commissioner that are designed to:
(1)  inform a consumer of the duties, rights, and responsibilities of parties to a transaction regulated by the commissioner;  and
(2)  inform and assist a robbery, burglary, or theft victim.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2001, 77th Leg., ch. 867, Sec. 102, eff. Sept. 1, 2001.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter E. Inspections and Examinations › Section 371.201. Examination by Commissioner

Sec. 371.201.  EXAMINATION BY COMMISSIONER.  At any time the commissioner considers necessary, the commissioner or the commissioner's representative may:
(1)  examine a pawnbroker's place of business;
(2)  inquire into and examine a pawnbroker's transactions, books, accounts, papers, correspondence, or other records that relate to the business of the pawnbroker;  and
(3)  examine or inspect pledged goods and goods required to be identified by Section 371.177.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter E. Inspections and Examinations › Section 371.202. Access to Records; Copies

Sec. 371.202.  ACCESS TO RECORDS;  COPIES.  (a)  During an examination the pawnbroker shall give the commissioner or the commissioner's representative free access to the pawnbroker's office, place of business, files, safe, or vault.
(b)  The commissioner or the representative is entitled to copy any book, account, paper, correspondence, or other record that relates to the business of the pawnbroker.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter E. Inspections and Examinations › Section 371.203. Oaths

Sec. 371.203.  OATHS.  During an examination the commissioner or the commissioner's representative may administer an oath and examine a person under oath on a subject relating to a matter regarding which the commissioner is authorized or required by this chapter to consider, investigate, or secure information.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter E. Inspections and Examinations › Section 371.204. Inspection by Peace Officer

Sec. 371.204.  INSPECTION BY PEACE OFFICER.  A pawnbroker shall allow a peace officer to inspect the pawnbroker's books, accounts, papers, correspondence, or other records that relate to the business of the pawnbroker at any reasonable time without judicial writ or other process.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter E. Inspections and Examinations › Section 371.205. Refusal to Allow Examination or Inspection

Sec. 371.205.  REFUSAL TO ALLOW EXAMINATION OR INSPECTION.  A pawnbroker who fails or refuses to permit an examination or copying of books or other documents or an examination or inspection of goods authorized by this subchapter violates this chapter.  The failure or refusal is grounds for the suspension or revocation of the license.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter E. Inspections and Examinations › Section 371.206. Confidentiality

Sec. 371.206.  CONFIDENTIALITY.  Information obtained during an examination or inspection authorized by this subchapter is confidential and privileged except for use by the commissioner or in a criminal investigation or prosecution.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Finance Code › Title 4 - Regulation of Interest, Loans, and Financed Transactions › Subtitle C - Pawnshops › Chapter 371 - Pawnshops › Subchapter E. Inspections and Examinations › Section 371.207. Fee

Sec. 371.207.  FEE.  A pawnbroker shall pay to the commissioner an amount assessed by the commissioner to cover the direct and indirect costs of an examination and a proportionate share of general administrative expenses.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.