{"data":{"id":"us-tx/tex.-finance-code-371.002","jurisdiction":"us-tx","citation":"Tex. Finance Code § 371.002","heading":"PURPOSES.","body":"The purposes of this chapter are to:\n(1) prevent fraud, unfair practices, discrimination, imposition, and abuse of state residents;\n(2) exercise the state's police power to ensure a sound system of making pawn loans and transfers of personal property by and through pawnshops;\n(3) prevent transactions in stolen property and other unlawful property transactions by licensing and regulating pawnbrokers;\n(4) provide for licensing and investigation fees;\n(5) provide minimum capital requirements for pawnbrokers;\n(6) ensure financial responsibility to the state and its residents and compliance with federal, state, and local law, including rules and ordinances; and\n(7) assist local governments in the exercise of their police power.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 63, eff. September 1, 2019.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE C. PAWNSHOPS","CHAPTER 371. PAWNSHOPS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.371.htm#371.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"59d4c6918a953af75b33d9b823f64c48445d47d048ded27bcb76ca597f1d3b37","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-371.001","next":"us-tx/tex.-finance-code-371.003"},"notice":"GroundRules: Original legal text. Not legal advice."}