This is a clone of the Texas Administrative Code (TAC) for educational purposes. It is not the official version and should not be used for legal purposes. Site created Wed, 21 May 2025 21:16:38 GMT
(a) Applicability. In this section:(1) the requirements imposed on a pawnbroker apply to all pawnbrokers; and(2) the requirements imposed on a pawnshop employee apply only to employees of pawnbrokers that participate in the pawnshop employee license program.(b) Reasonable ground for revocation. Reasonable ground for revocation of the license exists when a pawnbroker or pawnshop employee, knowingly or without exercising due care, fails to prevent a transaction of stolen property, in violation of Texas Finance Code, Chapter 371.(c) Enforcement actions. The acceptance of prohibited merchandise in violation of §85.418(a)(1) or (3) of this title (relating to Acceptance of Goods), may subject the pawnbroker and pawnshop employee to one or more of the following enforcement actions under Texas Finance Code, Chapters 14 and 371:(1) an injunction;(2) an administrative penalty;(3) a suspension; or(4) a revocation.(d) Multiple violations. Multiple violations may result in an additional enforcement action.