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 85.104 - License Term, Renewal, and Expiration

Universal Citation: 7 TX Admin Code § 85.104

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

(a) License term and renewal. A new pawnshop license or pawnshop employee license is effective from the date of its issuance until June 30. A pawnshop license and a pawnshop employee license must be renewed annually in order to remain effective. After renewal, a pawnshop license or pawnshop employee license is effective for a term of one year, from July 1 of one calendar year to June 30 of the next calendar year.

(b) Due date for annual fees. The annual fees for pawnshop licenses and pawnshop employee licenses are due by May 31 of each year for the following July 1 through June 30 term.

(c) Notice of delinquency. If a licensed pawnshop or pawnshop employee does not pay the annual fees, the OCCC will send a written notice of delinquency by June 15.

(1) If a pawnshop has provided a master file e-mail address to the OCCC, then the OCCC will:
(A) send any notice of delinquency for the pawnshop to the master file e-mail address on file for the pawnshop; and

(B) send any notice of delinquency for an employee of the pawnshop to the employee through the master file e-mail address on file for the pawnshop.

(2) If a pawnshop has not provided a master file e-mail address to the OCCC, then the OCCC will:
(A) send any notice of delinquency for the pawnshop by mail to the master file address on file for the pawnshop; and

(B) send any notice of delinquency for an employee of the pawnshop to the employee by mail through the master file address on file for the pawnshop.

(d) Expiration of license. A pawnshop license and a pawnshop employee license will expire on the later of June 30 of each year or the 16th day after the written notice of delinquency is given unless the annual fees for the following term have been paid. To be accepted, the fees must be postmarked or submitted by June 30. June 30 is the end of the license term for each year. For purposes of this subsection, notice of delinquency is given when the OCCC sends the notice by the method described in subsection (c) of this section.

(e) Pawnshop employee license program. At the time of the annual renewal, a pawnshop may provide a written notification to participate in the pawnshop employee license program.

Disclaimer: These regulations may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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