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Home > Title 7 > Part 5 > Chapter 85 >Subchapter A > Rule 85.201
TITLE 7 - BANKING AND SECURITIES
PART 5 - OFFICE OF CONSUMER CREDIT COMMISSIONER
CHAPTER 85 - PAWNSHOPS AND CRAFTED PRECIOUS METAL DEALERS
SUBCHAPTER A - RULES OF OPERATION FOR PAWNSHOPS
SECTION/RULE §85.201 - Engaging in Business
Chapter Review Date 06/22/2020

An application must be filed and approved before any person engages in the business of making pawn loans. The application and approval is required without regard to the rate of interest or pawn service charge contracted for, charged, or received, if any. An applicant is prohibited from advertising the opening of a new pawnshop prior to approval.

Source Note: The provisions of this §85.201 adopted to be effective September 5, 1999, 24 TexReg 6714; amended to be effective June 7, 2010, 35 TexReg 3471.

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