Tex. Fin. Code § 371.306 · Subchapter G. ENFORCEMENT; PENALTIES
PENALTY FOR CERTAIN VIOLATIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A pawnbroker who contracts for, charges, or collects a pawn service charge that is greater than the amount authorized by this chapter or otherwise violates this chapter:
(1) is liable for twice the amount of the pawn service charge contracted for; and
(2) shall return the goods pledged in connection with the pawn transaction on request of the pledgor and payment of the balance due.
(b) A pawnbroker who contracts for, charges, or collects a pawn service charge that is greater than twice the amount authorized by this chapter:
(1) is not entitled to collect any amount on the pawn transaction; and
(2) shall return the goods pledged in connection with the pawn transaction on request of the pledgor.
(c) Subsection (a) or (b) does not apply to a violation that results from an accidental and bona fide error, corrected upon discovery.
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 839ec774b8fe9592d812ff63674c9432fc230a398afaef6052dd9c3e5870a331
- 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
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.