Texas Finance Code

§ 371.002 — PURPOSES

FI § 371.002Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part C. PAWNSHOPS · Ch. 371. PAWNSHOPS · Art. A. GENERAL PROVISIONS

The purposes of this chapter are to:

(1)prevent fraud, unfair practices, discrimination, imposition, and abuse of state residents;

(2)exercise the state's police power to ensure a sound system of making pawn loans and transfers of personal property by and through pawnshops;

(3)prevent transactions in stolen property and other unlawful property transactions by licensing and regulating pawnbrokers;

(4)provide for licensing and investigation fees;

(5)provide minimum capital requirements for pawnbrokers;

…

Legislative history

Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 63, eff. September 1, 2019.