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.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subchapter C. Pawnshop Employee License Program
Section 371.101. Pawnshop Employee License Program
Section 371.103. License Application; Fees
Section 371.104. Approval or Denial of Application