7 Tex. Admin. Code § 85.605
Current through Reg. 49, No. 45; November 8, 2024
A pawnshop that ceases operation must make reasonable accommodations to ensure that a pledgor has an opportunity to redeem pledged goods. A sign must be posted in compliance with § RSA 85.401(b) of this title (relating to Hours and Days of Operation) that informs a pledgor of the process of redemption. A copy of the posting along with additional contact information must be submitted to the commissioner. The opportunity for redemption may be made by allowing the pledgor to redeem even though the pawnshop is no longer in business or by providing accommodations so that the pledgor may redeem goods through another licensed pawnshop.
7 Tex. Admin. Code § 85.605