Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle C - Pawnshops

Section 371.001. Short Title - Sec. 371.001. SHORT TITLE. This chapter shall be known and...

Section 371.002. Purposes - Sec. 371.002. PURPOSES. The purposes of this chapter are to:...

Section 371.003. Definitions - Sec. 371.003. DEFINITIONS. In this chapter: (1) "Applicable liabilities" include...

Section 371.004. Computation of Month - Sec. 371.004. COMPUTATION OF MONTH. (a) For the computation of...

Section 371.005. Regulatory Authority - Sec. 371.005. REGULATORY AUTHORITY. The legislature has exclusive authority regarding...

Section 371.006. Rulemaking - Sec. 371.006. RULEMAKING. (a) The Finance Commission of Texas may...

Section 371.007. Staggered Renewal of Licenses - Sec. 371.007. STAGGERED RENEWAL OF LICENSES. (a) The Finance Commission...

Subchapter B. Pawnshop License

Section 371.051. Pawnshop License Required - Sec. 371.051. PAWNSHOP LICENSE REQUIRED. A person may not engage...

Section 371.052. Eligibility - Sec. 371.052. ELIGIBILITY. (a) To be eligible for a pawnshop...

Section 371.053. Verification of Applicant's Net Assets - Sec. 371.053. VERIFICATION OF APPLICANT'S NET ASSETS. If the commissioner...

Section 371.054. License Application - Sec. 371.054. LICENSE APPLICATION. (a) This section applies to an...

Section 371.055. Fees; Proof of Insurance - Sec. 371.055. FEES; PROOF OF INSURANCE. An applicant must submit...

Section 371.056. Bond - Sec. 371.056. BOND. (a) The commissioner may require that an...

Section 371.057. Investigation; Notice of Application - Sec. 371.057. INVESTIGATION; NOTICE OF APPLICATION. (a) On receipt of...

Section 371.058. Public Hearing - Sec. 371.058. PUBLIC HEARING. (a) On request, the commissioner shall...

Section 371.059. Approval; Issuance of License - Sec. 371.059. APPROVAL; ISSUANCE OF LICENSE. (a) Subject to Subsection...

Section 371.060. Notice of Denial; Hearing - Sec. 371.060. NOTICE OF DENIAL; HEARING. (a) If the commissioner...

Section 371.061. Period for Final Decision to Approve or Deny - Sec. 371.061. PERIOD FOR FINAL DECISION TO APPROVE OR DENY....

Section 371.062. Disposition of Fees on Denial of Application - Sec. 371.062. DISPOSITION OF FEES ON DENIAL OF APPLICATION. If...

Section 371.0625. License Term - Sec. 371.0625. LICENSE TERM. A license issued under this subchapter...

Section 371.063. License Issued Before October 1, 1981 - Sec. 371.063. LICENSE ISSUED BEFORE OCTOBER 1, 1981. A license...

Section 371.064. License Fee; Expiration - Sec. 371.064. LICENSE FEE; EXPIRATION. (a) Not later than the...

Section 371.0645. Grounds for Refusal to Renew - Sec. 371.0645. GROUNDS FOR REFUSAL TO RENEW. The commissioner may...

Section 371.066. Temporary License - Sec. 371.066. TEMPORARY LICENSE. (a) The commissioner may issue a...

Section 371.067. Contents and Display of License - Sec. 371.067. CONTENTS AND DISPLAY OF LICENSE. (a) A license...

Section 371.068. Multiple Places of Business - Sec. 371.068. MULTIPLE PLACES OF BUSINESS. (a) A separate pawnshop...

Section 371.069. Change of Ownership - Sec. 371.069. CHANGE OF OWNERSHIP. (a) An application for an...

Section 371.070. Transfer or Assignment of License - Sec. 371.070. TRANSFER OR ASSIGNMENT OF LICENSE. A pawnshop license...

Section 371.071. Application for Relocation - Sec. 371.071. APPLICATION FOR RELOCATION. A pawnbroker who wishes to...

Section 371.072. Net Assets Requirement - Sec. 371.072. NET ASSETS REQUIREMENT. (a) Except as provided by...

Section 371.073. Appointment of Agent - Sec. 371.073. APPOINTMENT OF AGENT. (a) A pawnbroker shall maintain...

Section 371.074. Pawnbroker Responsible for Employees and Agents - Sec. 371.074. PAWNBROKER RESPONSIBLE FOR EMPLOYEES AND AGENTS. A license...

Subchapter C. Pawnshop Employee License Program

Section 371.101. Pawnshop Employee License Program - Sec. 371.101. PAWNSHOP EMPLOYEE LICENSE PROGRAM. (a) A pawnbroker may,...

Section 371.102. Eligibility - Sec. 371.102. ELIGIBILITY. (a) To be eligible for a pawnshop...

Section 371.103. License Application; Fees - Sec. 371.103. LICENSE APPLICATION; FEES. (a) An application for a...

Section 371.104. Approval or Denial of Application - Sec. 371.104. APPROVAL OR DENIAL OF APPLICATION. (a) Not later...

Section 371.105. License Term - Sec. 371.105. LICENSE TERM. A pawnshop employee license is valid...

Section 371.106. License Fee; Expiration - Sec. 371.106. LICENSE FEE; EXPIRATION. (a) Not later than the...

Section 371.107. Grounds for Refusal to Renew - Sec. 371.107. GROUNDS FOR REFUSAL TO RENEW. The commissioner may...

Subchapter D. Operation of Pawnshops

Section 371.151. Hours of Operation - Sec. 371.151. HOURS OF OPERATION. (a) A pawnbroker shall maintain...

Section 371.152. Recordkeeping - Sec. 371.152. RECORDKEEPING. (a) A pawnbroker, consistent with accepted accounting...

Section 371.153. Notice of Operation of Other Business - Sec. 371.153. NOTICE OF OPERATION OF OTHER BUSINESS. (a) A...

Section 371.154. Insurance and Bond - Sec. 371.154. INSURANCE AND BOND. (a) A pawnbroker shall maintain...

Section 371.155. Pawnshop Security - Sec. 371.155. PAWNSHOP SECURITY. A pawnshop shall have: (1) one...

Section 371.156. Pawn Transaction - Sec. 371.156. PAWN TRANSACTION. (a) Items that are usually sold...

Section 371.157. Pawn Ticket - Sec. 371.157. PAWN TICKET. A pawnbroker, at the time a...

Section 371.158. Amount Financed - Sec. 371.158. AMOUNT FINANCED. The amount financed by a pawn...

Section 371.159. Pawn Service Charge - Sec. 371.159. PAWN SERVICE CHARGE. (a) A pawnbroker may not...

Section 371.160. Maturity Date; Memorandum of Extension - Sec. 371.160. MATURITY DATE; MEMORANDUM OF EXTENSION. (a) A pawnbroker...

Section 371.161. Early Redemption: Reduction of Pawn Service Charge - Sec. 371.161. EARLY REDEMPTION: REDUCTION OF PAWN SERVICE CHARGE. If...

Section 371.162. Presentation of Ticket; Presumption - Sec. 371.162. PRESENTATION OF TICKET; PRESUMPTION. Except as provided by...

Section 371.163. Lost or Destroyed Ticket - Sec. 371.163. LOST OR DESTROYED TICKET. (a) If a pawn...

Section 371.164. Duty of Reasonable Care - Sec. 371.164. DUTY OF REASONABLE CARE. A pawnbroker shall exercise...

Section 371.165. Return of Pledged Goods - Sec. 371.165. RETURN OF PLEDGED GOODS. A pawnbroker shall return...

Section 371.166. Redemption by Mail - Sec. 371.166. REDEMPTION BY MAIL. A pawnbroker shall permit a...

Section 371.167. Lost or Damaged Goods - Sec. 371.167. LOST OR DAMAGED GOODS. (a) A pawnbroker shall...

Section 371.168. Exemption From Criminal Liability - Sec. 371.168. EXEMPTION FROM CRIMINAL LIABILITY. A pawnbroker is not...

Section 371.169. Unredeemed Pledged Goods; Forfeiture - Sec. 371.169. UNREDEEMED PLEDGED GOODS; FORFEITURE. (a) A pawnbroker shall...

Section 371.170. Redemption or Payment by Pledgor Not Required - Sec. 371.170. REDEMPTION OR PAYMENT BY PLEDGOR NOT REQUIRED. A...

Section 371.171. Agreement Requiring Pledgor's Personal Liability Prohibited - Sec. 371.171. AGREEMENT REQUIRING PLEDGOR'S PERSONAL LIABILITY PROHIBITED. A pawnbroker...

Section 371.172. Waiver of Pledgor's Rights Prohibited - Sec. 371.172. WAIVER OF PLEDGOR'S RIGHTS PROHIBITED. A pawnbroker may...

Section 371.173. Insurance Charge Limited - Sec. 371.173. INSURANCE CHARGE LIMITED. A pawnbroker may not impose...

Section 371.174. Identification of Pledgor or Seller Required - Sec. 371.174. IDENTIFICATION OF PLEDGOR OR SELLER REQUIRED. (a) A...

Section 371.175. Property Identification Tags Required - Sec. 371.175. PROPERTY IDENTIFICATION TAGS REQUIRED. (a) A pawnshop shall...

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...

Section 371.177. Purchase of Used Personal Property - Sec. 371.177. PURCHASE OF USED PERSONAL PROPERTY. A pawnbroker may...

Section 371.178. Acceptance of Building Construction Materials - Sec. 371.178. ACCEPTANCE OF BUILDING CONSTRUCTION MATERIALS. (a) A pawnbroker...

Section 371.179. Displays of Certain Weapons Prohibited - Sec. 371.179. DISPLAYS OF CERTAIN WEAPONS PROHIBITED. A pawnbroker may...

Section 371.180. Advertisements - Sec. 371.180. ADVERTISEMENTS. (a) A person who does not hold...

Section 371.181. Stolen Goods - Sec. 371.181. STOLEN GOODS. (a) A pawnbroker shall monitor goods...

Section 371.182. Hold Period - Sec. 371.182. HOLD PERIOD. The commissioner may designate a reasonable...

Section 371.183. Consumer Information - Sec. 371.183. CONSUMER INFORMATION. The Finance Commission of Texas by...

Subchapter E. Inspections and Examinations

Section 371.201. Examination by Commissioner - Sec. 371.201. EXAMINATION BY COMMISSIONER. At any time the commissioner...

Section 371.202. Access to Records; Copies - Sec. 371.202. ACCESS TO RECORDS; COPIES. (a) During an examination...

Section 371.203. Oaths - Sec. 371.203. OATHS. During an examination the commissioner or the...

Section 371.204. Inspection by Peace Officer - Sec. 371.204. INSPECTION BY PEACE OFFICER. A pawnbroker shall allow...

Section 371.205. Refusal to Allow Examination or Inspection - Sec. 371.205. REFUSAL TO ALLOW EXAMINATION OR INSPECTION. A pawnbroker...

Section 371.206. Confidentiality - Sec. 371.206. CONFIDENTIALITY. Information obtained during an examination or inspection...

Section 371.207. Fee - Sec. 371.207. FEE. A pawnbroker shall pay to the commissioner...

Section 371.208. Verification of Net Assets - Sec. 371.208. VERIFICATION OF NET ASSETS. If the commissioner questions...

Subchapter F. License Revocation, Suspension, and Surrender

Section 371.251. Revocation or Suspension of Pawnshop License - Sec. 371.251. REVOCATION OR SUSPENSION OF PAWNSHOP LICENSE. (a) After...

Section 371.252. Effect of Revocation, Suspension, or Surrender of Pawnshop License - Sec. 371.252. EFFECT OF REVOCATION, SUSPENSION, OR SURRENDER OF PAWNSHOP...

Section 371.253. Notice of Revocation - Sec. 371.253. NOTICE OF REVOCATION. (a) On revocation of a...

Section 371.254. Redemption of Goods After License Revocation or Suspension - Sec. 371.254. REDEMPTION OF GOODS AFTER LICENSE REVOCATION OR SUSPENSION....

Section 371.255. Revocation or Suspension of Pawnshop Employee License - Sec. 371.255. REVOCATION OR SUSPENSION OF PAWNSHOP EMPLOYEE LICENSE. After...

Section 371.256. Hearing - Sec. 371.256. HEARING. (a) The commissioner shall send written notice...

Section 371.257. Surrender of License - Sec. 371.257. SURRENDER OF LICENSE. (a) The holder of a...

Section 371.258. Reinstatement of License - Sec. 371.258. REINSTATEMENT OF LICENSE. (a) This section applies to...

Section 371.259. Certificate of Standing; Copies - Sec. 371.259. CERTIFICATE OF STANDING; COPIES. The commissioner, under the...

Subchapter G. Enforcement; Penalties

Section 371.301. Commissioner's Enforcement Powers - Sec. 371.301. COMMISSIONER'S ENFORCEMENT POWERS. For purposes of enforcing this...

Section 371.302. Order to End Violation; Injunction; Damages - Sec. 371.302. ORDER TO END VIOLATION; INJUNCTION; DAMAGES. (a) If...

Section 371.303. Administrative Penalty - Sec. 371.303. ADMINISTRATIVE PENALTY. (a) The commissioner may assess an...

Section 371.304. Acting Without a License; Offenses - Sec. 371.304. ACTING WITHOUT A LICENSE; OFFENSES. (a) A person...

Section 371.305. Wilful Violation of Chapter; Offense - Sec. 371.305. WILFUL VIOLATION OF CHAPTER; OFFENSE. (a) A person...

Section 371.306. Penalty for Certain Violations - Sec. 371.306. PENALTY FOR CERTAIN VIOLATIONS. (a) A pawnbroker who...

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Texas Statutes Title 4 - Regulation of Interest, Loans, and Financed Transactions Subtitle C - Pawnshops

Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle C - Pawnshops