Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 5 - OFFICE OF CONSUMER CREDIT COMMISSIONER
Chapter 85 - PAWNSHOPS AND CRAFTED PRECIOUS METAL DEALERS
Subchapter A - RULES OF OPERATION FOR PAWNSHOPS
Division 1 - GENERAL PROVISIONS
Section 85.101 - Purpose and Scope

Universal Citation: 7 TX Admin Code § 85.101

Current through Reg. 50, No. 13; March 28, 2025

(a) Purpose. The purpose of this subchapter is to assist in the administration and enforcement of Texas Finance Code, Chapter 371, which may be cited as the Texas Pawnshop Act.

(b) Scope. This subchapter applies to a person engaged in the business of:

(1) lending money on the security of pledged goods; or

(2) purchasing goods on condition that the goods may be redeemed or repurchased by the seller for a fixed price within a fixed period.

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