<<Prev Rule | Texas Administrative Code |
Next Rule>> |
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 2 | PAWNSHOP LICENSE |
RULE §85.201 | Engaging in Business |
An application must be filed and approved before any person engages in the business of making pawn loans. The application and approval is required without regard to the rate of interest or pawn service charge contracted for, charged, or received, if any. An applicant is prohibited from advertising the opening of a new pawnshop prior to approval. |
Source Note: The provisions of this §85.201 adopted to be effective September 5, 1999, 24 TexReg 6714; amended to be effective June 7, 2010, 35 TexReg 3471 |