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TITLE 7BANKING AND SECURITIES
PART 5OFFICE OF CONSUMER CREDIT COMMISSIONER
CHAPTER 85PAWNSHOPS AND CRAFTED PRECIOUS METAL DEALERS
SUBCHAPTER ARULES OF OPERATION FOR PAWNSHOPS
DIVISION 4OPERATION OF PAWNSHOPS
RULE §85.412Redemption by Mail

(a) Procedure. A pledgor may redeem by mail by providing:

  (1) the signed pawn ticket; and

  (2) a photocopy of the identification used in making the pawn transaction.

(b) Acceptable alternatives. If the pawn ticket is unavailable, the pledgor may mail a request to redeem the pawn transaction. If a photocopy of the identification used in making the pawn transaction is unavailable, the pledgor may send a photocopy of any identification acceptable for redeeming pledged goods under Texas Finance Code, §371.174(b).

(c) Redemption period. A request for redemption must be honored within five business days unless prior written notice that the pawn ticket has been lost, destroyed, or stolen has been received.

(d) Method of payment. Payment by cashier's check, certified check, or money order may be required for:

  (1) the principal amount of the pawn transaction;

  (2) all pawn service charges due on the pawn transaction; and

  (3) the charges authorized in subsection (e) of this section.

(e) Shipping, handling, and insurance charges. The pawnbroker is entitled to recover reasonable and necessary expenses involved in the packaging and shipping of goods and any additional charges to insure the goods. Goods must be insured during shipment for an amount determined by the pledgor. The pledgor may choose the carrier to use for shipment. Goods may be shipped cash on delivery (C.O.D.).

(f) Firearms. Shipments of firearms may only be made to a holder of a federal firearms license.


Source Note: The provisions of this §85.412 adopted to be effective October 1, 2000, 25 TexReg 9435; amended to be effective June 7, 2010, 35 TexReg 3471; amended to be effective July 1, 2014, 39 TexReg 3392

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