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Tex. Fin. Code § 371.106

LICENSE FEE; EXPIRATION

Known as the Texas Pawnshop Act

The act spans §§ 371–371 (95 sections).

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.