Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 371.053: VERIFICATION OF APPLICANT'S NET ASSETS.

Where this section sits in the code

FINANCE CODE
TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS
SUBTITLE C. PAWNSHOPS
CHAPTER 371. PAWNSHOPS
SUBCHAPTER B. PAWNSHOP LICENSE

If the commissioner cannot verify that an applicant meets the net assets requirement of Section 371.072, the commissioner may require a finding, including a current balance sheet, by an independent certified public accountant that:

(1) the accountant has reviewed the applicant's books and records; and

(2) the applicant meets the net assets requirement.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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