(a) To be eligible for a pawnshop license, an applicant must:
(1) meet the net assets requirement of § 371.072; and
(2) show that:
(A) the pawnshop will be operated lawfully and fairly under this chapter; and
(B) the applicant or the applicant’s owners and managers have the financial responsibility, experience, character, and general fitness to command the confidence of the public in the pawnshop’s operations.

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Terms Used In Texas Finance Code 371.052

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

(b) Repealed by Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 95(2), eff. September 1, 2019.
(c) For purposes of a disqualification under Chapter 53, Occupations Code, the commissioner is a licensing authority.