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Tex. Fin. Code § 371.208

VERIFICATION OF NET ASSETS

Known as the Texas Pawnshop Act

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

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

If the commissioner questions the amount of a pawnbroker's net assets, the commissioner may require certification by an independent certified public accountant that:

(1) the accountant has reviewed the pawnbroker's books, other records, and transactions during the reporting year;

(2) the books and other records are maintained using generally accepted accounting principles; and

(3) the pawnbroker meets the net assets requirement of Section 371.072.

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