{"data":{"id":"us-tx/tex.-finance-code-371.159","jurisdiction":"us-tx","citation":"Tex. Finance Code § 371.159","heading":"PAWN SERVICE CHARGE.","body":"(a) A pawnbroker may not contract for, charge, or receive an amount, other than a pawn service charge, as a charge for credit in connection with a pawn transaction.\n(b) A pawn service charge may not exceed the charge disclosed in the pawn ticket or other memorandum delivered to the pledgor.\n(c) A pawn service charge may not exceed an amount equal to:\n(1) 20 percent of the total amount financed for one month if that amount is less than or equal to the amount computed under Subchapter C, Chapter 341, using the reference amount of $30;\n(2) 15 percent of the total amount financed for one month if that amount is more than the amount computed for Subdivision (1) but less than or equal to the amount computed under Subchapter C, Chapter 341, using the reference amount of $200;\n(3) 2-1/2 percent of the total amount financed for one month if that amount is more than the amount computed for Subdivision (2) but less than or equal to the amount computed under Subchapter C, Chapter 341, using the reference amount of $300; or\n(4) 1 percent of the total amount financed for one month if that amount is more than the amount computed for Subdivision (3).\n(d) A rate set by Subsection (c) shall be proportionately adjusted for a finance period of less than one month.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 1235, Sec. 22, eff. Sept. 1, 2001.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE C. PAWNSHOPS","CHAPTER 371. PAWNSHOPS","SUBCHAPTER D. OPERATION OF PAWNSHOPS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.371.htm#371.159","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"2f095cb32bbdd010ad522e83bf3fcf804c92e754a20a8bc15021a021209afd07","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-371.158","next":"us-tx/tex.-finance-code-371.160"},"notice":"GroundRules: Original legal text. Not legal advice."}