Texas Finance Code

§ 371.251 — REVOCATION OR SUSPENSION OF PAWNSHOP LICENSE

FI § 371.251Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part C. PAWNSHOPS · Ch. 371. PAWNSHOPS · Art. F. LICENSE REVOCATION, SUSPENSION, AND SURRENDER

Statute text

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(a)After notice and opportunity for a hearing, the commissioner may revoke or suspend a pawnshop license if the commissioner finds that:

(1)the pawnbroker has not paid a fee or charge imposed by the commissioner under this chapter;

(2)the pawnbroker, knowingly or without exercising due care to prevent the violation, has violated this chapter or a rule adopted or an order issued under this chapter;

(3)a fact or condition exists that, if it had existed or had been known to exist at the time of the original license application, clearly would have justified refusal to issue the license;

(4)the pawnbroker has established an association with an unlicensed person who, with the knowledge of the pawnbroker, has violated this chapter;

(5)the pawnbroker has aided or conspired with a person to circumvent this chapter;

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Legislative history

Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 79, eff. September 1, 2019.