Texas Finance Code 371.052 – Eligibility
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(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.
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(b) Repealed by Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 95(2), eff.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.