Texas Finance Code 371.161 – Early Redemption: Reduction of Pawn Service Charge
Current as of: 2024 | Check for updates
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If a pledgor redeems the pledged goods before the maturity date of the pawn transaction, any part of the pawn service charge that exceeds $15 shall be reduced by an amount equal to one-thirtieth of the total pawn service charge for each day between the date on which redemption occurs and the original maturity date.