| (a) Applicability. This section applies only to pawnbrokers
that participate in the pawnshop employee license program and employees
of these pawnbrokers.
(b) Reasonable ground for denial. Failure to file a
pawnshop employee application with the OCCC within 75 calendar days
of the first day the employee participated or trained in a transaction
subject to Texas Finance Code, §371.101(c), will be a reasonable
ground for denial of the license. Should the OCCC find that no other
ground is present on which to base a denial of the license, the OCCC
may grant the license and take an enforcement action as provided in
subsection (c) of this section.
(c) Enforcement actions. Failure to file a pawnshop
employee application with the OCCC within 75 calendar days of the
first day the employee participated or trained in a transaction subject
to Texas Finance Code, §371.101(c), may subject both the pawnbroker
and the pawnshop employee to one or more of the following enforcement
actions under Texas Finance Code, Chapters 14 and 371:
(1) an injunction;
(2) an administrative penalty;
(3) a suspension; or
(4) a revocation.
(d) Pattern of violations. A pattern of violations
may result in an additional enforcement action or denial.
|
| Source Note: The provisions of this §85.701 adopted to be effective October 1, 2000, 25 TexReg 9215; amended to be effective June 7, 2010, 35 TexReg 3471; amended to be effective February 1, 2019, 43 TexReg 8584; amended to be effective October 1, 2019, 44 TexReg 4719 |
