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 4 - OPERATION OF PAWNSHOPS
Section 85.420 - Purchase Transactions

(1) § 85.405(a)(5) of this title--Legible information;

(2) § 85.405(a)(6) of this title--Identification of pledgor or seller;

(3) § 85.405(c) of this title--Identification of pledged goods;

(4) § 85.405(e) of this title--Standards for describing goods;

(5) § 85.405(f) of this title--Titled goods;

(6) § 85.406 of this title--Law Enforcement Reporting;

(7) § 85.418 of this title--Acceptance of Goods; and

(8) § 85.419 of this title--Hold Orders.

(1) Each item of personal property purchased from the general public must be held at the licensed pawnshop location from the purchase date before being modified, changed, sold, or disposed of in any manner for a period of:

(2) A reduced hold period of less than 20 days may be agreed upon by the pawnbroker and the law enforcement agency if the pawn and purchase ticket information is exchanged electronically. The agreement for a reduced hold period must not conflict with any local ordinance and must be submitted to the commissioner in writing by and through the chief local law enforcement officer for the jurisdiction. If a pawnshop holds personal property for less than 20 days under an agreement with local law enforcement, then the pawnshop must maintain a copy of the agreement, and must provide a copy of the agreement to the OCCC upon request.