Statutes, codes, and regulations
Texas Administrative Code
Title 7 - BANKING AND SECURITIESPart 5 - OFFICE OF CONSUMER CREDIT COMMISSIONERChapter 85 - PAWNSHOPS AND CRAFTED PRECIOUS METAL DEALERSSubchapter A - RULES OF OPERATION FOR PAWNSHOPS
Division 2 - PAWNSHOP LICENSE
Section 85.201 - Engaging in Business

7 Tex. Admin. Code § 85.201

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Current through Reg. 49, No. 45; November 8, 2024
Section 85.201 - Engaging in Business

An application must be filed and approved before any person engages in the business of making pawn loans. The application and approval is required without regard to the rate of interest or pawn service charge contracted for, charged, or received, if any. An applicant is prohibited from advertising the opening of a new pawnshop prior to approval.

7 Tex. Admin. Code § 85.201

The provisions of this §85.201 adopted to be effective September 5, 1999, 24 TexReg 6714; amended to be effective June 7, 2010, 35 TexReg 3471