Texas Finance Code

§ 371.181 — STOLEN GOODS

FI § 371.181Title 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)A pawnbroker shall monitor goods purchased, accepted in pawn, or otherwise acquired by the pawnbroker in order to identify and prohibit transactions involving stolen goods.

(b)The Finance Commission of Texas shall adopt rules that allow:

(1)a consumer who has filed an offense report with a local law enforcement agency to request that a pawnbroker search the records of the pawnshop; and

(2)the pawnbroker to assist the consumer and the local law enforcement agency in locating and recovering stolen property.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 101, eff. Sept. 1, 2001.