Tex. Fin. Code § 371.208 · Subchapter E. INSPECTIONS AND EXAMINATIONS
VERIFICATION OF NET ASSETS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If the commissioner questions the amount of a pawnbroker's net assets, the commissioner may require certification by an independent certified public accountant that:
(1) the accountant has reviewed the pawnbroker's books, other records, and transactions during the reporting year;
(2) the books and other records are maintained using generally accepted accounting principles; and
(3) the pawnbroker meets the net assets requirement of Section 371.072.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.371.htm
- Text hash
- sha256 32bb3dac7cf55d645895c0a2373df88158f195ee95b30a068ca3c93a796d3ef5
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.