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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 6LICENSE REVOCATION, SUSPENSION, AND SURRENDER
RULE §85.606Surrender of License
(a) Winding down. When a licensee surrenders its license or ceases business operations, the licensee must comply with §85.605 of this title (relating to Redemption of Goods After License Revocation or Suspension).

(b) Surrendering to avoid enforcement action. A licensee may not surrender a license after an enforcement action has been initiated without the written agreement of the OCCC.

Source Note: The provisions of this §85.606 adopted to be effective October 1, 2000, 25 TexReg 9213; amended to be effective June 7, 2010, 35 TexReg 3471; amended to be effective February 1, 2019, 43 TexReg 8584

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