Sec. 371.253. NOTICE OF REVOCATION. (a) On revocation of a pawnshop license by the commissioner, the pawnbroker shall send notice of the revocation to each pledgor with goods in the possession of, but not forfeited to, the pawnbroker on the revocation date.
(b) The notice must be:
(1) in a form prescribed by the commissioner; and
(2) mailed not later than the fifth day after the revocation date to the pledgor at the address recorded on the pawn ticket.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subchapter F. License Revocation, Suspension, and Surrender
Section 371.251. Revocation or Suspension of Pawnshop License
Section 371.252. Effect of Revocation, Suspension, or Surrender of Pawnshop License
Section 371.253. Notice of Revocation
Section 371.254. Redemption of Goods After License Revocation or Suspension
Section 371.255. Revocation or Suspension of Pawnshop Employee License
Section 371.257. Surrender of License