Texas Pawnshop Act

Texas · FI · §§ 371.001 to 371.306 · 95 sections

Overview

The act establishes a licensing scheme for pawnshops and the people who work in them, requiring a license to operate and placing pawnbrokers under the oversight of a designated state regulator with authority to make rules implementing the act. It sets the terms of entry and continued operation — eligibility and minimum net-asset standards, bonding and insurance, an application process with investigation, notice, and a hearing before approval or denial, and license terms, fees, renewal, and grounds for refusing renewal. It also governs how a licensed business may change over time, addressing additional locations, relocation, changes of ownership, transfer of a license, the appointment of an agent, a pawnbroker's responsibility for employees and agents, and conditions of operation such as display of the license and permitted business hours.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

In the courts

Sections of this act have been cited in 13 court decisions.

Most-cited authority: 35 S.W.3d 12 - Cash America International Inc. v. Bennett

Sections covered

Tex. Fin. Code § 371.001SHORT TITLE1 cite
Tex. Fin. Code § 371.002PURPOSES2 cites
Tex. Fin. Code § 371.003DEFINITIONS3 cites
Tex. Fin. Code § 371.004COMPUTATION OF MONTH
Tex. Fin. Code § 371.005REGULATORY AUTHORITY
Tex. Fin. Code § 371.006RULEMAKING
Tex. Fin. Code § 371.007STAGGERED RENEWAL OF LICENSES
Tex. Fin. Code § 371.051PAWNSHOP LICENSE REQUIRED
Tex. Fin. Code § 371.052ELIGIBILITY
Tex. Fin. Code § 371.053VERIFICATION OF APPLICANT'S NET ASSETS
Tex. Fin. Code § 371.054LICENSE APPLICATION
Tex. Fin. Code § 371.055FEES; PROOF OF INSURANCE
Tex. Fin. Code § 371.056BOND
Tex. Fin. Code § 371.057INVESTIGATION; NOTICE OF APPLICATION
Tex. Fin. Code § 371.058PUBLIC HEARING
Tex. Fin. Code § 371.059APPROVAL; ISSUANCE OF LICENSE
Tex. Fin. Code § 371.060NOTICE OF DENIAL; HEARING
Tex. Fin. Code § 371.061PERIOD FOR FINAL DECISION TO APPROVE OR DENY
Tex. Fin. Code § 371.062DISPOSITION OF FEES ON DENIAL OF APPLICATION
Tex. Fin. Code § 371.0625LICENSE TERM
Tex. Fin. Code § 371.063LICENSE ISSUED BEFORE OCTOBER 1, 1981
Tex. Fin. Code § 371.064LICENSE FEE; EXPIRATION
Tex. Fin. Code § 371.0645GROUNDS FOR REFUSAL TO RENEW
Tex. Fin. Code § 371.066TEMPORARY LICENSE
Tex. Fin. Code § 371.067CONTENTS AND DISPLAY OF LICENSE
Tex. Fin. Code § 371.068MULTIPLE PLACES OF BUSINESS
Tex. Fin. Code § 371.069CHANGE OF OWNERSHIP
Tex. Fin. Code § 371.070TRANSFER OR ASSIGNMENT OF LICENSE
Tex. Fin. Code § 371.071APPLICATION FOR RELOCATION
Tex. Fin. Code § 371.072NET ASSETS REQUIREMENT
Tex. Fin. Code § 371.073APPOINTMENT OF AGENT
Tex. Fin. Code § 371.074PAWNBROKER RESPONSIBLE FOR EMPLOYEES AND AGENTS
Tex. Fin. Code § 371.101PAWNSHOP EMPLOYEE LICENSE PROGRAM
Tex. Fin. Code § 371.102ELIGIBILITY
Tex. Fin. Code § 371.103LICENSE APPLICATION; FEES
Tex. Fin. Code § 371.104APPROVAL OR DENIAL OF APPLICATION
Tex. Fin. Code § 371.105LICENSE TERM
Tex. Fin. Code § 371.106LICENSE FEE; EXPIRATION
Tex. Fin. Code § 371.107GROUNDS FOR REFUSAL TO RENEW
Tex. Fin. Code § 371.151HOURS OF OPERATION
Tex. Fin. Code § 371.152RECORDKEEPING
Tex. Fin. Code § 371.153NOTICE OF OPERATION OF OTHER BUSINESS
Tex. Fin. Code § 371.154INSURANCE AND BOND
Tex. Fin. Code § 371.155PAWNSHOP SECURITY
Tex. Fin. Code § 371.156PAWN TRANSACTION
Tex. Fin. Code § 371.157PAWN TICKET
Tex. Fin. Code § 371.158AMOUNT FINANCED
Tex. Fin. Code § 371.159PAWN SERVICE CHARGE
Tex. Fin. Code § 371.160MATURITY DATE; MEMORANDUM OF EXTENSION1 cite
Tex. Fin. Code § 371.161EARLY REDEMPTION: REDUCTION OF PAWN SERVICE CHARGE
Tex. Fin. Code § 371.162PRESENTATION OF TICKET; PRESUMPTION
Tex. Fin. Code § 371.163LOST OR DESTROYED TICKET
Tex. Fin. Code § 371.164DUTY OF REASONABLE CARE
Tex. Fin. Code § 371.165RETURN OF PLEDGED GOODS
Tex. Fin. Code § 371.166REDEMPTION BY MAIL
Tex. Fin. Code § 371.167LOST OR DAMAGED GOODS3 cites
Tex. Fin. Code § 371.168EXEMPTION FROM CRIMINAL LIABILITY
Tex. Fin. Code § 371.169UNREDEEMED PLEDGED GOODS; FORFEITURE2 cites
Tex. Fin. Code § 371.170REDEMPTION OR PAYMENT BY PLEDGOR NOT REQUIRED1 cite
Tex. Fin. Code § 371.171AGREEMENT REQUIRING PLEDGOR'S PERSONAL LIABILITY PROHIBITED
Tex. Fin. Code § 371.172WAIVER OF PLEDGOR'S RIGHTS PROHIBITED
Tex. Fin. Code § 371.173INSURANCE CHARGE LIMITED
Tex. Fin. Code § 371.174IDENTIFICATION OF PLEDGOR OR SELLER REQUIRED
Tex. Fin. Code § 371.175PROPERTY IDENTIFICATION TAGS REQUIRED
Tex. Fin. Code § 371.176TRANSACTIONS WITH MINORS OR PERSONS UNDER THE INFLUENCE OF ALCOHOL OR DRUGS PROHIBITED
Tex. Fin. Code § 371.177PURCHASE OF USED PERSONAL PROPERTY
Tex. Fin. Code § 371.178ACCEPTANCE OF BUILDING CONSTRUCTION MATERIALS
Tex. Fin. Code § 371.179DISPLAYS OF CERTAIN WEAPONS PROHIBITED
Tex. Fin. Code § 371.180ADVERTISEMENTS
Tex. Fin. Code § 371.181STOLEN GOODS
Tex. Fin. Code § 371.182HOLD PERIOD
Tex. Fin. Code § 371.183CONSUMER INFORMATION
Tex. Fin. Code § 371.201EXAMINATION BY COMMISSIONER
Tex. Fin. Code § 371.202ACCESS TO RECORDS; COPIES
Tex. Fin. Code § 371.203OATHS
Tex. Fin. Code § 371.204INSPECTION BY PEACE OFFICER
Tex. Fin. Code § 371.205REFUSAL TO ALLOW EXAMINATION OR INSPECTION
Tex. Fin. Code § 371.206CONFIDENTIALITY
Tex. Fin. Code § 371.207FEE
Tex. Fin. Code § 371.208VERIFICATION OF NET ASSETS
Tex. Fin. Code § 371.251REVOCATION OR SUSPENSION OF PAWNSHOP LICENSE
Tex. Fin. Code § 371.252EFFECT OF REVOCATION, SUSPENSION, OR SURRENDER OF PAWNSHOP LICENSE
Tex. Fin. Code § 371.253NOTICE OF REVOCATION
Tex. Fin. Code § 371.254REDEMPTION OF GOODS AFTER LICENSE REVOCATION OR SUSPENSION
Tex. Fin. Code § 371.255REVOCATION OR SUSPENSION OF PAWNSHOP EMPLOYEE LICENSE
Tex. Fin. Code § 371.256HEARING
Tex. Fin. Code § 371.257SURRENDER OF LICENSE
Tex. Fin. Code § 371.258REINSTATEMENT OF LICENSE
Tex. Fin. Code § 371.259CERTIFICATE OF STANDING; COPIES
Tex. Fin. Code § 371.301COMMISSIONER'S ENFORCEMENT POWERS
Tex. Fin. Code § 371.302ORDER TO END VIOLATION; INJUNCTION; DAMAGES
Tex. Fin. Code § 371.303ADMINISTRATIVE PENALTY
Tex. Fin. Code § 371.304ACTING WITHOUT A LICENSE; OFFENSES
Tex. Fin. Code § 371.305WILFUL VIOLATION OF CHAPTER; OFFENSE
Tex. Fin. Code § 371.306PENALTY FOR CERTAIN VIOLATIONS

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Alabama, Louisiana, Mississippi, Oklahoma

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