Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by Findlaw Staff
A pawnbroker, at the time a pawn transaction is entered, shall deliver to the pledgor a pawn ticket or other memorandum that clearly shows:
(1) the name and address of the pawnshop;
(2) the pledgor's name, address, and physical description and a driver's license number, military identification number, identification certificate number, or other official number that can identify the pledgor;
(3) the date of the transaction;
(4) an identification and description of the pledged goods, including serial numbers if reasonably available;
(5) the amount of cash advanced or credit extended to the pledgor, designated as “Amount Financed”;
(6) the amount of the pawn service charge, designated as “Finance Charge”;
(7) the total amount, consisting of the amount financed plus the finance charge, that must be paid to redeem the pledged goods on the maturity date, designated as “Total of Payments”;
(8) the “Annual Percentage Rate,” computed according to Regulation Z (12 C.F.R. Part 1026) adopted by the Consumer Financial Protection Bureau under the Truth in Lending Act (15 U.S.C. Section 1601 et seq.), as amended;
(9) the maturity date of the pawn transaction; and
(10) a statement that:
(A) the pledgor is not obligated to redeem the pledged goods; and
(B) the pledged goods may be forfeited to the pawnbroker on the 31st day after the maturity date.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 371.157. Pawn Ticket - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-371-157/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)