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

Tex. Finance Code § 371.154: INSURANCE AND BOND.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS
  3. SUBTITLE C. PAWNSHOPS
  4. CHAPTER 371. PAWNSHOPS
  5. SUBCHAPTER D. OPERATION OF PAWNSHOPS

(a) A pawnbroker shall maintain general liability and fire insurance:

(1) in a reasonable amount and form required by the commissioner; and

(2) sufficient to protect pledged goods, including jewelry, at the pawnshop.

(b) A pawnbroker shall secure a bond:

(1) in the amount, not to exceed $5,000, required by the commissioner;

(2) in the form required by the commissioner; and

(3) conditioned on compliance with this chapter and rules adopted under this chapter.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 801, Sec. 6, eff. Sept. 1, 1999.

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

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