Texas Finance Code

§ 371.177 — PURCHASE OF USED PERSONAL PROPERTY

FI § 371.177Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part C. PAWNSHOPS · Ch. 371. PAWNSHOPS · Art. D. OPERATION OF PAWNSHOPS

Statute text

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A pawnbroker may not purchase used personal property from a person other than another pawnbroker unless a record is established that contains:

(1)the seller's name, address, and physical description and a driver's license number, military identification number, identification certificate number, or other official number that can identify the seller;

(2)a complete description of the property, including the serial number, if reasonably available, or other identifying characteristics; and

(3)the seller's signed statement that the seller has the right to sell the property.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.